08.11.2022

Rusolovo PJSC announces operating results for 9M 2022

Moscow, November 8, 2022. Rusolovo PJSC (MOEX: ROLO), a Russian tin mining company, announces operating results for 9M2022 based on based on management data. Production of tin in concentrate amounted to 1,907 tonnes.

  • Ore mining reached 473 thousand tonnes for 9M2022 and showed a 17% growth year-on-year.
  • Ore processing grew by 8% to 429 thousand tonnes for 9M2022.
  • Production of tungsten in concentrate grew by 53% driven by change in the technological scheme of operations at the processing plant of the Pravourmiyskiy production complex and the new scheelite concentrate technology launched at the Solnechny production complex.
  • Production of copper in concentrate increased 2.8-fold up for 9M2022 driven by modernization of the technological scheme and, as well as copper-tin ores mining operations.
  • Production of tin in concentrate totalled 1,907 tonnes for 9M2022 having decreased by 8% year-on-year due, due to the predominant processing of copper-tin ores.

Tin Division Results

 

 

9м2022

9м2021

Change

Ore mined, thousand tonnes

 

473

406

17%

Ore processed, thousand tonnes

 

429

399

8%

Tin in concentrate produced, tonnes

 

1,907

2,079

-8%

Tungsten in concentrate produced, tonnes

 

57

38

53%

Copper in concentrate produced, tonnes

 

675

243

178%

 

 

 

 

About Us

Rusolovo PJSC is a leading Russian tin mining company with significant potential in terms of tin reserves. In 2021, tin in concentrate production amounted to 2.9 thousand tonnes.

The Company mines the following types of metals: tin, tungsten and copper. Rusolovo PJSC has its assets located in the Khabarovsk Region and the Chukotka Autonomous Okrug.

In May 2022, Rusolovo PJSC celebrated its tenth anniversary.

Contacts of Rusolovo PJSC press office:

Tatiana Shilovskaya

Phone: +7 903 77 26 555

E-mail: press@rus-olovo.ru