Business news from Ukraine


3 January , 2018  

Public joint-stock company United Mining-Chemical Company, managing Vilnohirsk Mining and Metallurgical Combine (Dnipropetrovsk region) and Irshansk Mining and Processing Combine (Zhytomyr region), seeks to more than double investment in reconstruction of production facilities, allocating over UAH 200 million for this purpose.
“This year the modernization of the branches of PJSC United Mining-Chemical Company was launched, and next year the company plans to seriously undertake the renewal of the main production facilities – concentrating mills 2018. I think that investments next year will twice more of the level of 2017. The final figure is still difficult to disclose, because engineers have not yet come to the conclusion which options for building mills to choose. There are several of them, but we will go beyond UAH 200 million and this will be our company’s next record,” Acting Board Chairman of United Mining-Chemical Company Oleksandr Hladushko said in the interview with the corporate publication.
According to him, now United Mining-Chemical Company’s experts calculate the cost and technical possibilities of building a new factory of rough concentrates at Irshansk Mining. The branch begins preparations for the development of new areas of the Mezhyrichynske field – the Bukynsky site of this field, which will be developed by the Irshansk Mining. It has reserves of 19 million tonnes of titanium ore.
The expected volumes of production of ilmenite concentrate are 700,000 tonnes, which is approximately three-year workload for the plant.
At the Vilnohirsk Mining, the option of building a factory for processing tailing dumps is being worked out. It will be needed when the reserves of titanium raw materials at the Malyshivske field, which the branch is developing, are exhausted.
It is planned to purchase new equipment for the laboratory of Vilnohirsk Mining.