Velta, with titanium ore mining assets in Novomirgorod (Kirovograd region), is currently operating at 50% of its capacity due to reduced electricity consumption due to the war, company president Andrey Brodsky said on Facebook on Friday.
“I am now in the office without electricity. There will be none today and tomorrow. I sent everyone home and I will also send myself. The mining and processing complex is operating at 50% capacity. But we cannot be stopped, we work in any conditions, we do not stop, because the Armed Forces of Ukraine also do not stop and even more – go forward! Hold on. We warm ourselves with thoughts of VICTORY,” the top manager wrote on his page on the social network.
PKF Velta LLC was registered in April 2000. The main activity is the extraction and production of ilmenite concentrate. Since 2012, it has been mining and processing titanium raw materials at the Birzulovsky deposit (Kirovograd region).
In addition, the company owns a license for the commercial development of the Lekarevsky analogous deposit.
Velta has repeatedly announced plans to build a vertically interned group from the extraction of raw materials to the production of finished titanium products.
Velta Holding LLC owns 100% of PKF Velta LLC. The ultimate beneficiaries are three individuals: Andrei Brodsky (60%), Vadim Moskalenko (20%) and Vitaly Malakhov (20%).
