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MMK update on coal performance in Q1 of 2019

Coal News - Published on Thu, 18 Apr 2019

Image Source: SteelGuru
Russian steel giant MMK announced that the volume of coking coal production in Q1 2019 increased by 19.2% QoQ and amounted to 1,464 thousand tonnes. This increase is due to the completion of maintenance works in the previous quarter and work at full capacity at the beginning of the year. Higher coal production allowed the company to completely cut the need to buy coal from third parties. Thus, external coal purchases decreased by more than 15 times compared to Q1 2018. The volume of coal concentrate production in Q1 2019 remained almost at the level of the previous quarter.

(000 tonnes)Q1 2019Q4 2018%Q1 2019Q1 2018%
Coking coal mining1464122819.2%146486569.2%
Coking coal processing14221451-2.0%1422125912.90%
Mined140313623.00%140394348.80%
Purchased1989-78.60%19299-93.60%
Toll00 017-100.00%
Coking coal concentrate777781-0.50%77766616.7%
 

Source :

Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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