Business news from Ukraine

KZHRK reduced production of salable underground iron ore by almost 25%

17 October , 2022  

Kryvyi Rih Iron Ore Plant (KZHRK) in January-September of this year reduced the production of commercial iron ore from underground mining by 24.4% compared to the same period last year – to 2.504 million tons.
According to the enterprise, in September the Pokrovskaya, Krivorozhskaya, Kozatskaya and Ternovskaya mines produced 50,000 tons each. In total, the plant produced 200 thousand tons of products last month, while in August – 270 thousand tons, in July – 280 thousand tons.
As reported, KZHRK in 2021 increased the production of underground iron ore by 12.7% compared to 2020 – up to 4.298 million tons.
KZHRK specializes in underground mining of iron ore. KZHRK has four mines: Pokrovska (former Oktyabrskaya), Kryvorizka (Rodina), Kozatska (former Guards) and Ternivska (former Ordzhonikidze Mining Administration, then Lenin ).
Starmill Limited owns 99.88% of the mill’s shares.
KZHRK is owned by the Metinvest group and the Privat group. The operational management of the enterprise is carried out by the Privat group.

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