Kazakh supplier of Magnitogorsk increased ore output by 7.9% in January- November of 2004

/IRBIS, December 23, 04/ - The information below is translated abstract of REUTERS news. Sokolovsk-Sarbayev ore mining and processing company (SSGPO) increased iron ore output 7.9% y/y up to 32.708 million tons in January-November of 2004 in comparison with the similar period of the last year, the company informed. SSGPO is a major supplier of the largest in Russia ferrous metallurgy enterprise - Magnitogorsk Metallurgical Plant. The company previously informed about intentions to increase ore output in 2004 up to 37.7 million tons from previously planned 35.5 million. In 2003 SSGPO produced 33.6 million tons of ore. Manufacturing complex during the same period of 2004 processed 32.702 m. tons of crude ore, what by 7.8% exceeds index of the same period of the last year. Mined ore is processed in factories of the enterprise to produce marketable iron ore: concentrated product and pellets. Consumers are Kazakhstan enterprises, Russia and China. SSGPO in January-September of this year exported to Russian, Kazakhstan and Chinese consumers 13.464 m. tones, what by 5.3% exceeds the index of the similar period of the last year. According to data of Kazakhstan stock exchange as on January 1, 2004, Committee of State Property possesses 39.5% shares of the enterprise, Central Asian Trust Company possessed 58.89%. SSGPO is a member of Eurasian industry association, which unites a number of large metallurgical and power companies. [2004-12-23]