In January-September Kimkano-Sutarsky Mining and Processing Works LLC produced 1.881 million tons of iron ore concentrate, up by 10.5% YoY. Because of unfavorable weather conditions the company had to decrease ore output by 21%, to 1.847 million tons. In Q3 concentrate manufacture dropped by 11.9%, to 618 thousand tons. 1.841 million tons of concentrate were…
IRC Ltd, operating the Kimkano-Sutarsky Mining and Processing Works in the Jewish Autonomous District, has increased the manufacturing capacities to 95%. In August the operation of the GOK was affected by heavy rains. Now that the weather has stabilized, IRC has resumed work to prepare the enterprise for winter and increase its capacity. In H1…
In January-June Kimkano-Sutarsky Mining and Processing Works increased iron ore concentrate output by 12% YoY, to 1224.349 thousand tons. The company also sold 1239.398 thousand tons of concentrate, up by 18.4% YoY. At present the GOK is operating at 88% of its capacity. The full capacity of 3.2 million tons is expected to have been…
Kimkano-Sutarsky Mining and Processing Works has signed an agreement with Gazprombank on borrowing $240 million for 8 years. The funds will be spent to develop the Sutarskoye deposit in the Jewish Autonomous Region with the design capacity of 3.2 million tons of iron ore concentrate per year. KSGOK is developing two deposits with the consolidated…
In January-June Kimkano-Sutarsky Mining and Processing Works LLC received $69.9 million from the sale of iron ore concentrate, up by 38.5% YoY. In particular, sales to China reached $46.4 million. EBITDA grew by 43%, to 11.8 million. In 6 months KSGOK sold 1.046 million tons of concentrate. 1.084 million tons were produced, up by 56%.…
In January-June Kimkano-Sutarsky Mining and Processing Works LLC produced 1.059 million tons of iron ore concentrate, up more than 2-fold YoY. In Q2 concentrate output grew by 53%, to 580.9 thousand tons. Sales have also increased 2-fold, to 10.46 million tons. All the iron ore concentrate is exported to China. (Ukrainian metal)
In January-March Kimkano-Sutarsky Mining and Processing Works produced 510 thousand tons of iron ore concentrate. In particular, 140 thousand tons were produced in January, and 170 thousand tons – in February. In March concentrate output exceeded 200 thousand tons. By the end of the year the company intends to reach the project capacity of 3.2…
This year IRC Group intends to make its Kimkano-Sutarsky Mining and Processing Works reach its full capacity of 3.2 million tons of iron ore concentrate per year and start increasing the capacity to 4.5 million tons. Private investments in the project begun in 2016 have already exceeded 29 billion rubles. At present the company is…
