Metinvest’s iron ore subsidiaries announce H1 output results

Monday, 05 July 2010 11:07:12 (GMT+2)

The iron ore subsidiaries of the Ukrainian mining and steel producing company Metinvest Holding (Metinvest) have issued their production results for the first half of 2010.

Accordingly, in January-June this year, Metinvest's iron ore subsidiary Central GOK (CGOK) increased its concentrate output by 43.8 percent to about 3.025 million mt, and saw a small rise in its pellets production by 0.1 percent to 1.093 million mt, both compared to the same period last year. Meanwhile, in June this year, CGOK produced 533,000 mt of concentrate - down four percent, and 205,500 mt of pellets - down 2.7 percent, both compared to May.

During the first half of the current year, Severniy GOK (SevGOK) produced about 7.32 million mt of concentrate - up 16.8 percent year on year, and about 5.222 million mt of pellets - up 39 percent year on year. In June this year, SevGOK saw a 3.5 percent drop in its concentrate production to about 1.226 million mt, and an 11.4 percent decrease in its pellets output to 814,600 mt, both compared to May this year.

Meanwhile, in January-June 2010, Metinvest's Inguletskiy GOK (InGOK) registered a 73.4 percent increase year on year in its concentrate production to 7.709 million mt. In June, InGOK produced 1.343 million mt of concentrate - down 2.6 percent month on month.

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