Business news from Ukraine

Business news from Ukraine

Krivoy Rog Iron Ore Plant decreased production of marketable iron ore by 28.9%

Krivoy Rog iron ore complex (KZHRK) in January-November this year reduced the production of marketable iron ore underground mining by 28.9% compared to the same period last year – up to 2.804 million tons.
According to the company, in November, the mine “Pokrovskaya” produced 20 thousand tons of iron ore products, “Krivoy Rog” – 27 thousand tons, “Kozatskaya” – 28 thousand tons and “Ternovskaya” – 30 thousand tons.
The total output of the plant last month was 105 thous. tons, while in October – 150 thous. tons, in September – 200 thous. tons, in August – 270 thous. tons, in July – 280 thous. tons.
As reported, KZHRK in 2021 increased the production of iron ore from underground mining by 12.7% compared to 2020 – up to 4.298 million tons.
KZHRK specializes in underground mining of iron ore. KZHRK has four mines: “Pokrovska” (formerly “October”), mine “Krivorizka” (“Rodina”), “Kozatska” (formerly “Gvardeyskaya”) and “Ternovskaya” (formerly the Ordzhonikidze mine, then named after Lenin).
Starmill Limited owns 99.88% of the company.
KZHRK is owned by Metinvest Group and Privat Group. The company’s operational management is carried out by Privat Group.

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Rio Tinto plans to build another plant to process iron ore for smelting steel

Mining company Rio Tinto PLC plans to create another, larger, plant to process iron ore for subsequent steel smelting, operating on raw biomass instead of coking coal.
The decision was made after the success of the first pilot project implemented in Germany, writes MarketWatch. The project has been running for the past 18 months in conjunction with Finland’s Metso Outotec and the University of Nottingham.
“The results of the first test phase are very promising,” said Rio Tinto Chief Commercial Officer Alf Barrios.
The location of the new plant has not yet been selected.
The steel industry accounts for 8 percent of the world’s carbon dioxide emissions, MarketWatch noted. Creating yellow ore processing plants using biomass instead of coal would help Rio Tinto’s plans to reduce emissions.

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Krivoy Rog Iron Ore Plant decreased production of marketable iron ore from underground mining by 26.8%

Krivoy Rog iron-ore combine (KZHRK) in January-October of this year reduced the production of marketable iron ore underground mining by 26.8% compared to the same period last year – up to 2.654 million tons.
According to the company, in October, mines “Pokrovskaya”, “Krivoy Rog”, “Kozatskaya” produced 40 thousand tons each, “Ternovskaya” – 30 thousand tons.
The total output of the Company last month amounted to 150 thous. tons, while in September it was 200 thous. tons, in August – 270 thous. tons, in July – 280 thous. tons.
As reported, KZHRK in 2021 increased the production of iron ore from underground mining by 12.7% compared to 2020 – up to 4.298 million tons.
KZHRK specializes in underground mining of iron ore. KZHRK has four mines: “Pokrovska” (formerly “October”), mine “Krivorizka” (“Rodina”), “Kozatska” (formerly “Gvardeyskaya”) and “Ternovskaya” (formerly the Ordzhonikidze mine, then named after Lenin).
Starmill Limited owns 99.88% of the company.
KZHRK is owned by Metinvest Group and Privat Group. The company’s operational management is carried out by Privat Group.

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KZHRK reduced production of salable underground iron ore by almost 25%

Kryvyi Rih Iron Ore Plant (KZHRK) in January-September of this year reduced the production of commercial iron ore from underground mining by 24.4% compared to the same period last year – to 2.504 million tons.
According to the enterprise, in September the Pokrovskaya, Krivorozhskaya, Kozatskaya and Ternovskaya mines produced 50,000 tons each. In total, the plant produced 200 thousand tons of products last month, while in August – 270 thousand tons, in July – 280 thousand tons.
As reported, KZHRK in 2021 increased the production of underground iron ore by 12.7% compared to 2020 – up to 4.298 million tons.
KZHRK specializes in underground mining of iron ore. KZHRK has four mines: Pokrovska (former Oktyabrskaya), Kryvorizka (Rodina), Kozatska (former Guards) and Ternivska (former Ordzhonikidze Mining Administration, then Lenin ).
Starmill Limited owns 99.88% of the mill’s shares.
KZHRK is owned by the Metinvest group and the Privat group. The operational management of the enterprise is carried out by the Privat group.

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Mining enterprises of Ukraine reduced export of iron ore by 35.3%

Mining enterprises of Ukraine in January-September of the current year reduced the export of iron ore raw materials (IORM) in physical terms by 35.3% compared to the same period last year – up to 21 million 366.874 thousand tons.
According to statistics published by the State Customs Service (STS), for the specified period, foreign exchange earnings from the export of iron ore decreased by 55.2% – to $ 2 billion 666.161 million.
Iron ore was exported mainly to Slovakia (19.45% of supplies in monetary terms), Poland (16.99%) and the Czech Republic (16.03%).
During the specified period, iron ore was imported to Ukraine for $27 thousand in a total volume of 49 tons, while in January-September 2021 – for $158 thousand in a total volume of 1.175 thousand tons. Import was carried out from Norway (44.44%), Great Britain (40.74%) and Italy (11.11%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).

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Ukraine reduced iron ore exports by a third, revenue by 54%

Mining enterprises of Ukraine in January-August of this year reduced the export of iron ore raw materials (IORM) in kind by 32.8% compared to the same period last year, to 20 million 10.602 thousand tons.
According to statistics published by the State Customs Service (STS), for the specified period, foreign exchange earnings from the export of iron ore decreased by 53.8% – to $ 2 billion 529.275 million.
Iron ore was exported mainly to Slovakia (19.82% of deliveries in monetary terms), Poland (16.49%) and the Czech Republic (15.95%).
During the reporting period, IORM was imported to Ukraine for $26 thousand in a total volume of 47 tons, while in January-August 2021, iron ore for $158 thousand was imported in a total volume of 1.175 thousand tons. Imports for January-August 2022 were carried out from Norway (46.15%), Great Britain (42.31%) and Italy (7.69%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).

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