PGZK Boosts Sinter Production By 37% yoy In 3Q.

Pivdenny Iron Ore (PGZK: BUY) increased concentrate and sinter production by 8.3% (6.47 mln mt) and 18.8% (3.46 mln mt) yoy respectively over the first nine months. The 3Q accounted for the majority of the company’s output growth, with sinter output increasing by 36.7% yoy while concentrate output was up 29% yoy for the period.

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PGZK             9M06  Chg,yoy     1H06  Chg,yoy     3Q06  Chg,yoy

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(in mln mt)                                                      

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Concentrate     6.470     8.3%    4.284     0.1%    2.186    29.0%

Sinter             3.455    18.8%     2.25    11.0%    1.205    36.7%

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