Metinvest’s iron ore subsidiaries announce Jan-Apr output results

Wednesday, 05 May 2010 14:49:27 (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 four months of 2010.

Accordingly, in January-April this year, Metinvest's iron ore subsidiary Central GOK (CGOK) increased its concentrate output by 43.2 percent to about 1.937 million mt, and saw a 0.4 percent rise in its pellets production to 687,800 mt, both compared to the same period last year. Meanwhile, in April this year, CGOK produced 513,000 mt of concentrate - down 1.7 percent, and 152,000 mt of pellets - up 4.5 percent, both compared to March.

During the first four months of the current year, Severniy GOK (SevGOK) produced about 4.825 million mt of concentrate - up 19 percent year on year, and 3.487 million mt of pellets - up 39 percent year on year. In April this year, SevGOK saw a 1.9 percent drop in its concentrate production but 5.4 percent growth in its pellets output, both compared to March, totaling 1.248 million mt and 919,500 mt respectively.
 
Meanwhile, in January-April this year, Metinvest's Inguletskiy GOK (InGOK) registered a 64.8 percent increase year on year in its concentrate production to 4.987million mt. In April, InGOK produced about 1.323 million mt of concentrate - up 5.7 percent month on month.

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