Association of Mining Companies: The production structures of the mining sector are intact in 2020

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A year of turmoil and adjustments, due to the global health crisis caused by COVID-19 in 2020, faced with success the mining industry of Greece.In its annual form account published by Hellenic Mining Companies Association, The course of the member companies of the Association is mentioned in detail, which are the elite of the production process and move in several markets.

Despite the continuous increases in maritime fares and the impact on transport costs and efficiency, Ores showed a stable course in production and sales compared to 2019. At the same time, the prices of metals and concentrates appeared significant increases. The only downside is the significant reductions in quantities and sales of magnesium products, however with intense effort on the part of member companies closed in 2020 with a decrease of only 6% compared to 2019.

The Industrial Minerals showed a mixed picture, as there were minerals with good sales and others with reductions due to the reduction of their international demand. At the level of companies members of the Association, these reductions were limited and completely controlled.

The Marble was hit by the pandemic with falling exports due to low demand that exceeded 20% compared to 2019.

On the other side, Aggregates – Building materialsshowed a sales increase of 5% compared to 2019.

THE deliginization process in the production of electricity in the country and the reduction of iron-nickel production, were reflected in the decline in the production volume of marketable products of the members of the Association by 18% compared to 2019, as well as in the reduction of sales by 25% and by 25% of exports in 2020. It is important to mention that lignite production did not exceed 15 million tonnes against 26 million in 2019.

In more detail:

  • THE Bauxite and Aluminumrecorded an increase in demand after the first half of 2020.

  • In Mixed Sulfur was captured significant increase in demand and prices, concentrates, especially after the first half of 2020, and especially high demand for gold silica.

  • THE international productionNickel increased by 2.5%, of which 70% for the production of stainless steel, 6% for the manufacture of batteries. However, consumption decreased by 4.2% and prices increased.

  • THE Lefkolithos reversed the negative course of the first half of 2020, noting significant increase in demand in the second half.

  • The Bentonite recorded a 10% reduction in production compared to 2019 due to COVID-19.

  • The Calcium carbonate saw a 5% drop in demand in the paper industry, but increase in demand in agriculture and livestock.

  • In 2020 there was significant sales growth of Attapulgite especially in soil conditioners, agrochemicals and cat litters.

  • THE Plaster decreased domestically due to reduced cement production, while international competition with products at lower prices intensified due to exchange rates.

  • THE Kissiris write down increase, due to demand in agricultural applications and lightweight building materials.

Mr. A. Kefalas, President of the Association of Mining Companies of Greece, noted characteristically: “Together we have dealt promptly, promptly and successfully with the negative wave that the pandemic has brought to the global and national economies and consequently to the industry’s markets. shortages of materials and raw materials and, by the end of the year, the gradual rise in maritime fares. development and aiming at the prosperity of the industry, the Greek economy and our society “.


Source From: Capital

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