DNIPRORUDNE. March 6 (Interfax-Ukraine) – Slovakia’s Minerfin and Zaporizhstal will continue investing into development of private joint-stock company Zaporizhia Iron Ore Combine (Dniprorudne, Zaporizhia region).
One of the key shareholders in Jan Moder said at the opening of the crushing complex in Dniprorudne on Friday, investors believe in success of Zaporizhia Iron Ore Combine.
“Two years ago iron ore prices plunged, but we continued investing to finish construction of the crushing complex,” he said.
He said that it took 16 years to build the complex. The development of new layers would allow producing ore for at least 15-16 years with deposits of 68 million tonnes of iron ore.
“I hope that this is not the end of our enterprise and the development of this field,” he said. He said that the produced ore is stably supplied to European enterprises.
In turn, Director General of Zaporizhstal Rostyslav Shurma said that the construction of the crushing complex was finished as part of a mega project.
“Minerfin Group will continue investing hundreds of millions of hryvnias jointly with Zaporizhstal,” he said.
Head of the supervisory board of Zaporizhia Iron Ore Combine Peter Plany expressed satisfaction with the completion of construction of the complex. This will load the enterprise in the future periods.
