Business news from Ukraine


17 January , 2021  

Inhulets mining and processing plant (InGOK, Kryvy Rih, Dnipropetrovsk region), part of Metinvest Group, in 2020 increased production of iron ore concentrate, according to recent data, by 7.7% compared to the previous year, to 11.9 million tonnes.
The enterprise told Interfax-Ukraine that in December it produced 1.019 million tonnes of concentrate with a 66.13% iron content, while extracted 2.608 million tonnes of crude ore.
As reported, InGOK in 2019 increased production of iron ore concentrate by 1.2% compared to the previous year, to 11.052 million tonnes.
The enterprise specializes in extraction and processing of ferruginous quartzites of Inhulets deposit, located in the southern part of the Kryvy Rih iron ore basin. It produces two types of iron ore concentrate with an iron content of 64.8% and 67%.
The production capacity is 14 million tonnes of iron ore concentrate per year.
InGOK is part of Metinvest Group, the main shareholders of which are PrJSC System Capital Management (SCM, Donetsk, 71.24%) and the Smart-Holding (23.76%).
Metinvest Group’s management company is Metinvest Holding LLC.

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