POKROVSKY GOK TO INVEST MORE THAN UAH 247 MLN IN COMPANY DEVELOPMENT IN 2018 » Ukraine open for business

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POKROVSKY GOK TO INVEST MORE THAN UAH 247 MLN IN COMPANY DEVELOPMENT IN 2018

4 Jan , 2018  

PJSC Pokrovsky ore mining and processing enterprise (Pokrovsky GOK, Dnipropetrovsk region) intends in 2018 to invest more than UAH 247 million in the program of production and technical development, while the plan for 2017 was UAH 350 million.
Board chairman of the company Serhiy Shuvayev said the strategic goal for 2018 is to maintain the plant’s capacity for extraction and production of concentrate.
“Shevchenkivsky quarry has almost finished its work, therefore we need to compensate for this by increasing ore extraction at other divisions, and the year of 2018 will be preparatory to increasing the productivity plan at Pivnichny and Chkalovsky No. 2 quarries,” he said.
According to him, it is planned to overhaul mining equipment.
According to him, the specialists of the plant came to the conclusion that independent charge would allow to not only compensate for the lost volumes of ore, but also increase the productivity of the factory, increase manganese content in concentrate. Due to the increased competitiveness of the plant’s products, Pokrovsky GOK hopes to obtain additional income.