Business news from Ukraine

Business news from Ukraine

CGOK invests UAH 28 mln to repair railroad tracks to improve logistics

Metinvest Group’s Central Mining and Processing Plant (CMP, Kryvyi Rih, Dnipro Oblast) is carrying out major repairs to its railway tracks, investing over UAH 28 million to do so.

According to the plant, repair crews plan to renovate almost 1.5 km of railroad tracks by the end of the year.

It was clarified that Central GOK has an extensive system of railways, the total length of which reaches 270 km. This year, in addition to routine maintenance and repairs, the specialists of the Track and Yard Shop of the Railway Transport Department of the Central Mining and Processing Plant are carrying out major overhauls of a number of tracks and switches.

“Railways are an important component of production logistics, as the majority of cargo is delivered to the plant by rail, and the key to efficient transportation is primarily the condition of the tracks. This fall’s work is large-scale, involving the overhaul of almost 1.5 km of tracks. In particular, this will ensure the safety and reliability of traffic on the routes for the delivery of ore from the open pits and Kolachevsky mine to the crushing plant, as well as for the transportation of other goods for production needs,” said Alexander Mukha, Head of the Railway Transport Department of the Central Mining and Processing Plant.

Central GOK is one of the five largest producers of mining raw materials in Ukraine. It specializes in the extraction and production of iron ore concentrate and pellets.

CGOK is a part of Metinvest Group, whose major shareholders are System Capital Management (SCM, Donetsk) (71.24%) and Smart Holding Group (23.76%). Metinvest Group’s management company is Metinvest Holding LLC.

CGOK overhauled one of crushing plant’s sections for UAH 2.4 mln

Central Mining and Processing Plant (CMP, Kryvyi Rih, Dnipropetrovska oblast), a member of Metinvest Group, has overhauled the classification building of its crushing plant as part of its investment program.

According to the press release, Metinvest allocated UAH 2.4 million for the project.

It is noted that the plant continues to carry out systematic repairs to ensure uninterrupted production and avoid downtime.

It is also explained that the equipment of the classification building is a reloading unit for the transportation of dry magnetic separation tailings. The equipment includes a screen and a classifier that washes dirt from the tailings. The process produces clean crushed stone that is used in the construction of roads and railways.

In addition, it is specified that the stairs, walkways, and platforms of this area are constantly exposed to aggressive environments and interact with water, so the structures need to be updated in a timely manner.

The overhaul of the classification area took four months. The key works included strengthening the load-bearing structures of columns and beams, replacing the metal structures of equipment maintenance areas (screens, conveyors), as well as the metal structures of the fence and sump. The metal structures were also given anti-corrosion protection.

“The work performed has significantly increased the level of safety for employees, minimizing the risk of injury, and ensured the stability of the classification equipment,” said Alexander Ivashura, head of the crushing plant at the Central GOK.

Central GOK is one of the five largest producers of mining raw materials in Ukraine. It specializes in the extraction and production of iron ore concentrate and pellets.

CGOK is a part of Metinvest Group, whose major shareholders are System Capital Management (SCM, Donetsk) (71.24%) and Smart Holding Group (23.76%).

Metinvest Group’s management company is Metinvest Holding LLC.