In January-June Korshunovsky Mining and Processing Works sold 846 thousand tons of iron ore concentrate, down by 40% YoY. In Q1 sales totaled 361 thousand tons, and in Q2 they grew by 41%, to 495 thousand tons. The increase in sales is due to the growth of output. In 2017 KGOK sold 2.5 million tons…
Korshunovsky Mining and Processing Works is commissioning a new drilling rig at the Rudnogorsky mine. The machine has been purchased under the program of capital investments. At present the machine is being assembled. The company has 14 days to assemble the rig, after that it will be commissioned. (Ukrainian metal)
Korshunovsky Mining and Processing Works has started the program to renovate the fleet of its 130-ton BelAZ dump trucks. According to the company press service, the renovation will help increase output. So far KGOK has already purchased two Cummins engines, and the company specialists have repaired three more engines. At present the working fleet at…
In January-March Korshunovsky Mining and Processing Works received 214.1 million rubles of net profit, down 8-fold YoY. According to the company statement, its net income was 1.7 billion rubles. Revenue dropped 2-fold, to 1.6 billion rubles. “The dynamics of the revenue and net profit is explained by the drop of iron ore concentrate output and…
In 2017 Korshunovsky Mining and Processing Works sold 2.5 million tons of iron ore concentrate, down by 9% YoY. According to the company statement, a number of factors affected sales last year. In particular, the company started operating under complex mining and geological conditions, which prevented increasing output. Moreover, the ore obtained did not meet…
Mikhail Mazhukin has been appointed the managing director of Korshunovsky Mining and Processing Works. In 2009-2013 Mazhukin managed the Yuzhnouralsk Nickel Works. At the new office he has replaced Boris Sedelnikov, who has been appointed open pit director at Yuzhny Kuzbass. “Boris Sedelnikov has made a great contribution to the development of KGOK. Under his…
Korshunovsky Mining and Processing Works has started supplying iron ore concentrate to the Elgaugol LLC Elga factory. So far the first batch of 190 tons has been shipped. By the end of the year KGOK will have supplied some 1140 tons of concentrate. In 2018 the Elga factory will be receiving 190 tons of concentrate…
Korshunovsky quarry of the Korshunovsky Mining and Processing Works has mined the 500-millionth ton of ore. The anniversary ton of ore will be processed and supplied to Chelyabinsk Iron and Steel Works. The first ton of ore from Korshunovsky quarry was shipped in December 1964, 3 months before the enterprise was officially created. The first…