IMH operational results for 9m 2019
Industrial Metallurgical Holding (IMH), one of the world’s leading suppliers of merchant pig iron and the biggest merchant coke producer in Russia, announces its operational results for 9M 2019.
Key operational indicators:
|
Production, ‘000 tonnes |
9М |
9М |
Change, % |
|
Pig iron |
1,756 |
1,720 |
2 |
|
Coke (6% moisture content) |
1,986 |
1,856 |
7 |
|
Coal |
1,552 |
2,127 |
(27) |
|
Coal concentrate |
1,798 |
1,841 |
(2) |
|
3,603 |
3,700 |
(3) |
|
|
Iron ore concentrate |
1,574 |
1,648 |
(5) |
Actual sales indicators for the key merchant products:
|
Production, ‘000 tonnes |
9М |
9М |
Change, % |
|
Pig iron |
1,766 |
1,728 |
2 |
|
Coke (6% moisture content), sales to third parties |
1,080 |
895 |
21 |
|
Coke (6% moisture content), inter-segment sales |
974 |
955 |
2 |
|
Total sales of coke |
2,054 |
1,850 |
11 |
In the 3Q 2019 pig iron production increased by 3% compared to the same period of the previous year. Pig iron production for 9M 2019 increased by 2% compared to the same period of 2018. Output volume at Tulachemet is in line with the current market requirements.
Total coke production for 9M 2019 increased by 7% y-o-y due to export sales growth.
Production of coal concentrate decreased by 2% y-o-y on the back of lower volumes of own coal mining.
Coal production for 9M 2019 decreased as a result of difficult mining and geological conditions at Tikhova and Butovskaya mines. At the same time Tikhova mine demonstrates positive dynamics with 54% production growth in 3Q 2019 compared to the level of 2Q 2019. Production volumes at Uchastok Koksovy open pit meet the designed parameters and exceed the result of 2018 by 15%.
Iron ore and iron ore concentrate production volumes decreased on the back of the ongoing reserves exploiting in the flank areas (peripheral segments of the deposit) with the most difficult mining and geological conditions.
The company continues implementing the programs to improve productivity and economic efficiency. Within 3 quarters of 2019, 242 proposals were adopted for implementation.
