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Inhulets Mining increases production of iron ore concentrate by 9.2% in Jan-Aug
KYIV. Oct 4 (Interfax-Ukraine) – Inhulets Mining and Processing Plant (Kryvy Rih, Dnipropetrovsk region), part of Metinvest Group, in January-August this year increased production of commercial iron ore concentrate, according to recent data, by 9.2% compared to the same period last year, to 8.7 million tonnes.
As the enterprise told Interfax-Ukraine, in August it produced about 1.06 million tonnes of concentrate.
In 2020, the enterprise increased production of iron ore concentrate by 4% compared to 2019, to 12.858 million tonnes. At the same time, in 2020, Metinvest allocated $67.4 million to modernize production at Inhulets Mining.
The enterprise specializes in mining and processing of ferruginous quartzites of Inhulets deposit, located in the southern part of Kryvy Rih iron ore basin. It produces two types of iron ore concentrate with different iron content.
The production capacity is 14 million tonnes of iron ore concentrate per year.
Inhulets Mining and Processing Plant is part of Metinvest Group, the main shareholders of which are PrJSC System Capital Management (SCM, Donetsk, 71.24%) and Smart-Holding (23.76%).
Metinvest Group’s management company is Metinvest Holding LLC.
