iron ore mining - Latest news GMK Center

The company's forecast for 2023 is 57-61 million tons

In the sector of ferrous metal ores extraction and beneficiation, revenues decreased by 22% y/y

In December, production decreased by 2.4% year-on-year

The company expects that in 2023 China will become a stabilizing force in the raw materials market

In 2021, iron ore production increased by 1% y/y – 324.1 million tons

The production of sinter ore for 12 months of 2022 decreased by 33.3% y/y

Site №1 prepared for operation block 10-19 of the "Nest" deposit of the fifth sub-floor of the horizon – 1420 m

Production increased by 9.4% compared to October

In the sector of mining and beneficiation of ferrous metals, profits decreased by 27.6% y/y

Sinter ore production in 11 months of 2022 decreased by 30.6% y/y

Investments will be directed to the construction of two solar power plants with a capacity of 100 MWh and a battery for 200 MWh

This decision was made in the conditions of reduced production volumes, consumption of raw materials and limited supply of energy resources