Kazakhstan's SSGPO increased iron ore exports to China  38% in 5 months of 2023JSC Sokolov-Sarybai Mining Production Association (SSGPO), part of Eurasian Resources Group (ERG), increased shipments to China upon termination of shipments of its products to Russia's Magnitogorsk Iron & Steel Works (MMK), Mayor of the city of Rudny Viktor Ionenko told a Friday briefing in the regional communications service center."Since March 2022, the shipments to MMK have stopped, which previously purchased 60% of products. As a result, sales of products in terms of costs  have decreased 41%. The company is looking for new markets for product sales. Shipments in the Chinese direction have increased  38%",  Ionenko said."Shipments are  underway to new [Russia-based] consumers: the West Siberian Iron and Steel Works, JSC Ural Steel (city of Novotroitsk), JSC Chelyabinsk Iron and Steel Works," he said.The measures taken made it possible to increase the output from 900,000 tonnes per month in 2022 to 1.1 million tonnes in 2023."All social programs of the enterprise are being fully implemented, there have been no layoffs and unpaid leave for staff. The average monthly wage at SSGPO JSC for five months stood at 433,000 tenge ($945 at per the current exchange rate) , or 21% higher than last year," the mayor added.For 5 months of 2023, Rudny produced made  260.8 billion tenge worth of industrial products with the physical volume index at  82.7%; in the mining and quarrying sector, the industrial production index was 77.4%. "This is due to a decrease of 25% in iron ore production,  22%  in commercial concentrate production  and 23% in pellets production due to the geopolitical situation in the world," Ionenko explained.SSGPO is the mainstay of the city of Rudny located in Kostanai region and specializes in iron ore extraction and processing. Its consumers are based in Kazakhstan, Russia and China.Eurasian Resources Group (ERG) was created in 2014 on the basis of Eurasian National Resources Corporation (ENRC) and incorporated in Luxembourg. ERG is one of the world’s leading diversified mining and smelting groups with fully integrated mining, processing, energy production, logistics and marketing operations. ERG operated assets in Kazakhstan include Kazchrome, Sokolov-Sarybai Mining Production Association (SSGPO), Aluminum of Kazakhstan, Kazakhstan Aluminum Smelter (KAS), Eurasian Energy Corporation (EEC), Shubarkol Komir and TransCom. (ICE ALMATY)

Fonte notizia: INTERFAX