Business news from Ukraine

“Metinvest Pokrovskugol” is building belt conveyor for coal transportation

Metinvest Pokrovskugol is constructing a belt conveyor to transport coking coal from the 2nd longwall of block 11.
According to the company, the conveyor is being constructed by the Conveyor Transport 12 section of Pokrovskoye Mine Administration.
Significant coal reserves of the new longwall are noted.
“The miners are modernizing the existing conveyor chain that runs through the conveyor pavement of the southern panel of block 10 and the conveyor pavement of the central panel of block 11. At the same time, they are replacing 2000 meters of belt web and installing a new feeder PK-14,” the company said in a statement.
As reported earlier, Ukraine’s largest coking coal producer Pokrovskoye Mine Administration, a part of Metinvest Group as part of Metinvest Pokrovskugol, is preparing to commission another longwall. The 2nd longwall of block 11 is expected to be launched this year.
It is noted that this is a promising area: the reserves amount to 1.5 million tons of coal, the seam thickness reaches 1.48 m, and coal mining will begin in September.
“Metinvest is a vertically integrated group of steel and mining companies. Its businesses are located in Ukraine, in Donetsk, Luhansk, Zaporizhzhia and Dnipro regions, as well as in Europe and the United States.
The major shareholders of Metinvest B.V. are SCM Group (71.24%) and Smart Holding Group (23.76%), which jointly manage the company. Metinvest Holding LLC is the management company of Metinvest Group.

,