Kazakhstan’s iron ore extraction witnessed a significant surge in the second month of this year, with over 4.187 million tons extracted, marking a 37.5% increase compared to February 2023, according to data provided by the National Statistics Bureau. Production of iron ore agglomerate also experienced a notable uptick, growing by 44.8% for the month. However, in comparison to January 2024, it declined from 475.5 to 456.1 thousand tons. Positive dynamics were also observed in the production of iron ore concentrates, reaching 5.699 million tons in February, marking a 15.9% and 12.3% increase compared to the same month last year and the preceding month of this year, respectively. Additionally, Kazakh mining plants saw a significant rise in the production of non-agglomerated iron ore, with 2.661 million tons processed in February, a 44.9% surge compared to the previous year. The production of iron ore pellets also intensified, reaching 474.8 thousand tons, a 38.8% increase compared to 2023, albeit failing to surpass January’s figures, showing a 2.2% decline. Anticipation is high for a noticeable increase in iron ore extraction following the commencement of operations at the Lomonosovskoye deposit in the Kostanay region, slated for 2025.
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