In January-October this year, Kryvyi Rih Iron Ore Plant (KZHRK) reduced its production of commercial iron ore from underground mining by 28.3% year-on-year to 1,903 thousand tons.
According to the company, in October, Pokrovska mine produced 23 thousand tons of ore, Kryvorizka mine – 40 thousand tons, Kozatska mine – 10 thousand tons and Ternivska mine – 40 thousand tons, for a total production of 113 thousand tons at the plant in October.
As reported, in 2022, KZHRK reduced the 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. The company has four mines: “Pokrovska (formerly Zhovtneva), Kryvorizka (Batkivshchyna), Kozatska (formerly Gvardiyska) and Ternivska (formerly Ordzhonikidze and then Lenin).
Starmill Limited owns 99.88% of the plant’s shares.
Earlier it was reported that SCM Group owns a certain share in KZHRK, while Metinvest Group has no relation to KZHRK. At the same time, SCM Group is only an investor, while Privat Group exercises operational control over the plant.
