Business news from Ukraine

Central Mining and Processing Plant cuts output of marketable pellets by 3%

29 December , 2022  

Metinvest’s subsidiary Central Mining and Processing Integrated Works, located in Krivoy Rog, Dnipropetrovsk Region, reduced the output of its marketable pellets by about 3% year-on-year to 2 million tons in January-November this year.
“Owing to coordinated actions, the combine’s team achieved 100% of production and processing targets. In the first 11 months of this year alone, miners mined more than 9 million tons of crude ore, concentrators produced more than 3 million tons of concentrate, and pelletizers produced nearly 2 million tons of high quality pellets,” the company says.
At the same time, it is said that this year was a period of trials, which the company’s team managed to cope with with with dignity. Despite the war, logistical problems and economic challenges, the company remains one of the best in Ukraine’s mining industry.
Thus, in 2022, TsGOK continued producing high-quality products – concentrate with iron content of 70% and above, and pellets with iron content of 67.5%. This influenced the fact that the company remained with orders in a difficult period and was able to work, fulfilling its obligations to customers and providing jobs for its employees.
Central Mining and Processing Plant’s staff continues to upgrade the production facilities in the plant’s shops. Specialists have overhauled pelletizing plant equipment and roasting machine OK-324. At the crushing plant, one of the largest units – the coarse crusher – and the conveyor transport were overhauled. The renewed equipment is ready to accept up to 4.5 million additional tons of iron ore.
In order to support the heavy-weight transport in the mining and transport shops of the combine during the year the heavy-weight dump trucks were repaired by their own hands. To ensure safe and efficient operation of railway transport, tracks were repaired.
This year the humanitarian mission was added to the industrial tasks of the Central Mining and Processing Division. In March the humanitarian hub started its work at the Works within the framework of the project “Saving Lives”, implemented by Metinvest Group in coordination with Rinat Akhmetov’s Foundation. During this time the workers-volunteers of the Works have put together 135 thousand food packages for the IDPs, the representatives of the privileged categories, the families of the mobilized and the veterans of the Works.
An active volunteer movement is carried out by the TsGOK’s youth, who collect humanitarian aid, support in the search of accommodation, render targeted assistance to the labour veterans and pensioners of the enterprise and hold entertainment events for children from the families of internally displaced persons.
“The staff of the Central Mining and Processing Plant is an example of indestructibility and reliability. This year our specialists have shown that they can support each other and our common cause. Today we understand how important the work of the enterprise is for the economy of Ukraine and how important it is to be human and friendly outside the production. Our team is a big family where the workers are heroes in their place. I’m grateful to each specialist for his work in this difficult time and I am sure that the new year of the plant will be productive”, – General Director of Central Mining Dmitry Shevchik is convinced, who is quoted by the press service.
As Ukrainian News earlier reported, in 11M22 Central Mining decreased the output of marketable pellets by 0.4% YoY to 2.054 million tons and iron ore concentrate by 2.8% to 4.376 million tons.
Central Mining is one of the five largest mining producers in Ukraine. It specializes in the mining and production of iron ore raw materials – concentrates and pellets.
Central Mining is part of Metinvest Group, whose major shareholders are System Capital Management (SKM, Donetsk) (71.24%) and Smart-Holding Group (23.76%).
The management company of the Metinvest group is Metinvest Holding LLC.