has been reduced to be in line with the mill capacity which resulted in additional fixed charges by the mining contractor.
RSG Global states "continuity of geology has been independently checked and confirmed" and "the more recent production information used for grade and value estimation now encompasses a mined volume
of 126,000 cubic meters and recovered diamonds totaling 3,500 carats.
Notably, the newly acquired Koksovaya mine contributed 21 kt of coal to mined volumes
This reduction in mined volumes
was largely as a result of the unprotected industrial action that occurred during the first quarter of the financial year involving employees of the underground mining contractor, MRC, on three of the Kroondal shafts.
The commissioning of the new long wall face will increase mined volumes
of GZhO (gas, fat, and meager) grade coal and will provide Mechel's Kuzbass Central Processing Plant with a high grade raw material," Mechel Management OOO Chief Executive Officer Vladimir Polin commented.
The major part of the world molybdenum demand and around 35% of molybdenum mined volumes
belong to China.