2000-01-17 Kazak Corporate News - JSC Erlovo
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JSC Erlovo
JSC Erlovo, which operates the Atansor iron ore field, plans to extract 900,000 tonnes of iron ore in the year 2000, Erlovo’s General Director, Rodion Ten, told Interfax. Ten also noted that the enterprise met 100% of its anticipated output for 1999.
Last year, Erlovo shipped about 20,000 tonnes of iron per month to the Ispat-Karmet steel mill, the only Kazakhstani enterprise that requires iron ore feedstock. According to the company’s general director, since November 1999 Erlovo has been conducting supply negotiations with a number of Russian companies, including the Western Siberian, Kuznezk, Chelyabinsk, Magnitogorsk and Orsk-Halilov metallurgy plants.
This year, Erlovo plans to construct and launch an 11-km power transmission line with a capacity of 110 kW, and a stationary crushing facility with an annual capacity of 1 million tonnes. Ten stated that the company will invest a total of KZT 2 billion in the Atansor field’s development by 2007. (Golden Eagle Partners)