PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) intends to annually invest $250 million in production renewal until 2025, company CEO Paramjit Kahlon has said at a conference with suppliers in Kyiv.
“Investments in Ukraine are planned at the level of $250 million every year until 2025,” the top manager said.
In addition, the metallurgical combine in Kazakhstan plans in 2018 to send $350 million of investments in mines and other projects.
Kahlon noted that 18 new BelAZ trucks were purchased to increase open ore extraction at ArcelorMittal Kryvyi Rih. Attention is also paid to upgrading the fleet of excavators and other mining equipment, including crushers, in order to increase the capacity of ore-dressing plants, mills and increase production of iron ore concentrate. The option of building a separate line is being considered, which will make it possible to produce not 10 million tonnes of concentrate as at the present time, but 15-17 million tonnes, enriching ore extracted by an open method.
There is a separate program to upgrade ore mining in mines.