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…
In January-June Korshunovsky Mining and Processing Works increased iron ore concentrate output by 5% YoY, or by 66 thousand tons, to 1.4 million tons. Ore mining exceeded 4 million tons, with 1.9 million tons yielded by the Korshunovsky quarry and 2.2 million tons by the Rudnogorsky mine. (Ukrainian metal)
The processing factory of the Korshunovsky Mining and Processing Works, a part of Mechel, saw the replacement of 4 magnetic separators. “The output of the new equipment is 100-160 tons per hour. Last year we replaced 6 separators and plan to replace 4 more this year”, the factory director Dmitry Oler said. (Ukrainian metal)
The processing factory of the Korshunovsky Mining and Processing Works, a part of Mechel, has put into operation 2 dust extraction machines for gas-purification after repairs. The renewed machinery will improve extraction efficiency and provide more comfortable working condition for the employees. The total cost of the repairs reached 1 million rubles. (Ukrainian metal)
