Krivoy Rog Iron Ore Mining Company (KZHRK) in January-July of this year decreased production of commercial iron ore from underground mining by 29.7% compared to the same period last year – to 1,430 thousand tons.
According to the company, in July the mine “Pokrovska” produced 70 thousand tons of ore, “Krivoy Rog” – 75 thousand tons, “Kozatska” – 40 thousand tons and “Ternivska” 40 thousand tons, as a whole for the combine in July – 225 thousand tons.
As reported, KZHRK in 2022 reduced production of commercial iron ore from underground mining by 32.8% year-on-year to 2.888 million tons.
KZhRK specializes in underground iron ore mining. KZHRK has four mines: “Pokrovskaya” (formerly “Oktyabrskaya”), “Krivorozhskaya” mine (“Rodina”), “Kozatska” (formerly “Gvardeyskaya”) and “Ternovskaya” (formerly Ordzhonikidze ore mine, then named after Lenin).
Starmill Limited owns 99.88% of shares of the combine.
Earlier it was reported that SCM Group owns a certain stake in KZhRK, while Metinvest Group has nothing to do with KZhRK. At the same time, SCM Group is only an investor, while Privat Group has operational control over the plant.
