Mining NLMK increased profits

Of Stoilensky GOK, a division of NLMK in the I quarter of 2011 compared to the same period in 2010 increased its net profit in 2,7 times to 4,6 billion rubles. It is reported by Metal Bulletin. In turn, the company's revenues reached 8.29 billion rubles. As is known, in 2010 compared to 2009 the company increased its revenue by RAS at 74.4%, to 26.518 billion rubles. Net profit rose by GOK 143.62% and reached 13.813 billion rubles. Gross profit increased by 134.27 mill% to 18.348 billion rubles. And the profits from sales - by 160.61% to 17.249 billion rubles. Previously reported that Novolipetsk Steel to invest in Stojlenskij GOK order 39 billion rubles. (1.3 billion dollars). These funds invest NLMK in 2011-2014. These will focus on building Pellet Plant at Mining Plant, annual capacity of 6 million tons of iron ore pellets a year. In addition, the project envisaged the development of an enterprise infrastructure that provides the factory with raw materials to produce pellets with an iron content of about 65%, and an increase in ore production at the GOK by a third compared with the planned volumes of the year. The factory construction will begin in 2014. In this case, the average annual production of commodity iron ore Stojlenskij GOK, starting in 2015, amounted to 2 million tonnes of iron ore sinter, 11 million tons of iron ore and 6,000,000 tons of pellets. Ministry of Industry