PrJSC Poltava Mining and Processing Plant (Poltava GOK, Komsomolsk, Poltava region), the main asset of Ferrexpo Group, has launched a new technological complex for production of finished goods – Section No. 9 of the concentrating plant, the total cost of the project exceeded $100 million.
According to Ferrexpo’s expectations, the project will make it possible to produce an additional 2 million tonnes of finished products, which will increase the company’s sales volumes by about UAH 2 billion per year, starting from July 1 this year. The implementation of this project will increase the plant’s installed capacity to more than 15 million tonnes of concentrate per year.
Section No. 9 is a modern complex of the production chain, which includes additional crushing and dressing areas, a new electrical substation, a system for transferring prepared raw materials and finished products, as well as additional conveyor lines, the press release says. The main equipment manufacturer for it is Metso Outotec. Other leading world companies also participated in the project implementation process and Ukrainian contractors from different regions were involved. Construction took over four years.
At the same time, the company indicates that this investment has already provided payments to the state budget and budgets of other levels in the amount of about UAH 400 million and will further bring up to UAH 300 million of such payments annually.
As reported, Ferrexpo plc in January-June 2020 increased the processing of iron ore concentrate – raw materials for pellets – by 6.3% compared to the same period in 2019, to 7.002 million tonnes.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of shares of Poltava GOK, 100% of Yeristovo GOK and 99.9% of Belanovo GOK.
The State Agency on Energy Efficiency and Energy Saving of Ukraine will continue cooperation with experts of the German energy agency DENA in the fields of energy efficiency and renewable energy, the press service of the Ukrainian agency has said.
According to the report, following negotiations between the two agencies with the participation of the Ministry of Energy, the areas of cooperation will include, in particular, the development of Ukraine’s potential for the use of hydrogen, the introduction of energy storage systems, the implementation of EU directives in the field of energy efficiency, and improving energy efficiency.
The report notes that DENA experts, in particular, pointed to Germany’s plans for the use of hydrogen and expressed their readiness to share their research in this direction with Ukraine.
The Ukrainian agency also noted that DENA had been selected as one of the partners in the implementation of future energy cooperation between Ukraine and Germany.
As reported, the Cabinet of Ministers adopted a resolution to sign a joint statement of intent between the government of Ukraine and the Federal Republic of Germany regarding the start of energy cooperation, authorizing Acting Energy Minister Olha Buslavets to sign it.
The volume of marketable output of Kyivsky cardboard paper mill (Obukhiv, Kyiv region), a leader in Ukraine’s pulp and paper industry in terms of production and sales, totaled UAH 2.742 billion in January-June 2020, which is 1.5% more than the same figure for the first half of 2019.
As reported, in January-May of this year, the plant’s production volume was practically at the last year’s level.
According to the statistics of the Ukrpapir association, in natural terms in January-June the plant slightly (by 1%) increased production of corrugated packaging, to almost 113 million square meters, maintaining the second position in terms of its production in the country after Rubizhne plant (together with Trypilsky packaging plant).
In addition, the rate of growth in the production of base paper for sanitary and hygienic products slightly slowed down, to 4.9% (compared to 6.7% in five months), to 42,200 tonnes, and production of toilet paper in rolls to 4.9% from 6.1%, to 229.3 million units.
At the same time, output of cardboard decreased slightly, by 1% (compared to 3.1% in five months), to 96,180 tonnes, in particular production of boxboard increased by 21.6%, to 31,590 tonnes, while container (including paper for corrugation) decreased by 9.2%, to 64,590 tonnes.
Kyivsky cardboard paper mill is one of the largest cardboard and paper producers in Europe. It employs almost 2,200 people. It sells produce to almost 700 companies in Ukraine, some CIS member states and the rest of the world.
National bank of Ukraine’s official rates as of 17/07/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of July 17
One troy ounce=31.10 grams
More than half of Ukrainians do not trust the data of the Ministry of Health on the situation with the incidence of coronavirus (COVID-19) in Ukraine, considering these data to be either overstated or understated. This is according to the data of a common sociological study conducted by Active Group and Club of Experts companies, the results of which are available to Interfax-Ukraine.
According to the study conducted on July 10-12 by telephone interview, in particular, 34.2% of respondents do not trust the official data, since, in their opinion, the statistics of the Ministry of Health on the number of COVID-19 cases is overstated.
Another 20.5% of respondents do not trust the official statistics, considering it understated.
Some 18.6% of respondents fully trust the official data and some 14.9% partially.
According to the study conducted in early July, some 34.8% of respondents said that lockdown restrictions did not change their work in any way, while according to the study conducted in April, only 18.3% of respondents said that lockdown did not affect to their work.
The study was conducted throughout Ukraine, with the exception of the temporarily occupied territories and the Autonomous Republic of Crimea, based on a representative sample. The study involved 1,000 respondents.
