Business news from Ukraine

Metinvest Pokrovskugol intends to purchase mining harvester from Corum Group

Metinvest Pokrovskugol, which manages operational and administrative changes at the enterprises of Metinvest’s Pokrovsk Coal Group, intends to purchase a mining harvester from Corum Group, a machine-building company that is part of DTEK Energy.

According to the company, even in the conditions of war, Metinvest Pokrovskugol has an investment program in place, thanks to which the technical capabilities of the enterprise are gradually improving.

“We plan to purchase this year a mining harvester KDK500 produced by Corum Group plant. According to the characteristics, it is capable of “slicing” up to 24 tons of coal per minute. It will start its work at the beginning of the next year and the first task for the combine will be to work the first southern face of block 11,” – stated in the press release.

In addition, it is reported that new longwall and under-floor conveyors of T Machinery company have already been purchased, which will be installed in the sixth longwall of the southern face of Block 11 in the nearest future. The number of Chinese-made SANYI EBZ-260 roadheaders at Pokrovskoye will increase by the end of the year, and it is noted that the first roadheader of this brand has proven itself in production conditions.

The company also expects the return of one of JOY harvesters: now it is being reconditioned at the manufacturing plant in Poland.

In other information, Metinvest Pokrovskugol has used more than 16 thousand cubic meters of concrete and 2 thousand tons of rolled metal, and 34 thousand square meters of roads have been laid in preparation of block 11. Upon completion of construction, two thousand miners will work at the block every day – the final commissioning of the block is planned for 2025.

According to the company’s data, the Pokrovskoye mine has already produced almost 3.5 million tons of coal this year.

During his visit to the enterprise, Metinvest CEO Yuriy Ryzhenkov noted that the results shown by Metinvest Pokrovsk Coal’s teams are worthy of respect.

“It is very important that our employees and soldiers defend the country with weapons in their hands. But no less important are those who hold the economic front, give the country an opportunity to function, to build up its strength. Today, almost every of our defenders has a particle of Pokrovsk coal, because it was used to make the steel, which is on armored vests, on mobile shelters and much more,” – stressed the top manager, quoted by the press service.

“Metinvest created the company Metinvest Pokrovskugol, which manages operational and administrative changes at the enterprises of the Pokrovsk Coal Group (PCG). The company includes, among others, the Pokrovskoye mine department and the Svyato-Varvara coal preparation plant.

Svyato-Varvara coal preparation plant is a premium coal concentrate producer in Ukraine. The production capacity of the plant is about 8 million tons of raw coking coal per year with the ability to process five different classes of coal.

Pokrovskoye (formerly Krasnoarmeyskaya-Zapadnaya No. 1) is Ukraine’s largest coking coal producer.

The main 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.

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