Russian Iron Ore Giant Metalloinvest Boosts H1 Output, Shipments

Platts reported Metalloinvest (RTB:MGOK) said they saw a 7% increase in iron ore production to 20.2 million mt in the first half of 2011 as exports rose.

The market news is quoted as saying,

Third-party shipments rose by 26% over the same period, the privately held mining and steel company said in an operations update, without disclosing a figure.

Pellet production at 11.2 million mt and shipment volumes at 6.9 million mt were “stable” in the first half compared with the year-earlier period, the statement said.

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