In January-May, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. Gross profit increased 18.5-fold, to 1.572 billion rubles. Fixed liabilities dropped from 352.6 million rubles as of December 31, 2018, to 337.8 million rubles, while current liabilities grew from 2.047 billion…
In 2018 Korshunovsky Mining and Processing Works decreased net profit more than 2-fold YoY, to 2.33 billion rubles. In 2017 net profit exceeded 4.7 billion rubles. Last year revenue dropped by 13%, to 9.99 billion rubles. Sales profit fell to 330 million rubles from 2.2 billion rubles in 2017. (Ukrainian metal)
Since the start of the year Korshunovsky Mining and Processing Works has invested 130 million rubles in the modernization of the manufacture. In particular, the enterprise has purchased a rod mill, two dredge pumps, and four magnetic separators. The new machines will improve ore processing and iron ore concentrate manufacture. In 2018 KGOK produced 1.972…
Korshunovsky Mining and Processing Works has put into operation a renewed system of monitoring the quarry transport named Karier (Quarry). The system allows for more efficient control of the main indexes of the quarry machine fleet operation: lifting capacity, delay time, fuel consumption, etc. The system has been operating since 2007. The modernization of the…
The inspection of the Russian Accreditation Service has confirmed the expertise of the technical and chemical control at the Korshunovsky Mining and Processing Works. Each year the laboratory of the enterprise analyzes over 130 thousand samples. It controls the quality of the concentrate, the technological process of enrichment, as well as wastewater and pollution. “We…
Korshunovsky Mining and Processing Works has shipped 5.6 thousand tons of scrap valued at 57 million rubles. The ferrous and non-ferrous scrap originates form the company activities, as well as repair and replacement of machinery. 90 railroad cars were used to transport the scrap. Most scrap is sent to Chelyabinsk Iron and Steel Works for…
In April-June Korshunovsky Mining and Processing Works increased ore mining by 30% QoQ, to 1.6 million tons. In Q3 ore output grew by 13% more, to 1.8 million tons. In Q2 iron ore concentrate manufacture totaled 522 thousand tons, up by 48% QoQ, and in Q3 – 609 thousand tons, up by 17%. “Early in…
In April-June Korshunovsky Mining and Processing Works increased iron ore output by 30% QoQ, to 1.6 million tons. Sales grew by 41%, to 495 thousand tons. The growth is due to the increase of the mining fleet. “Since the start of the year we have commissioned 10 large dump trucks, a grader and a heavy…