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Inhulets Mining raises output of iron ore concentrate by 10.6% in Jan-July
KYIV. Aug 27 (Interfax-Ukraine) – Inhulets Mining and Processing Plant (Kryvy Rih, Dnipropetrovsk region), part of Metinvest Group, in January-July of this year increased production of commercial iron ore concentrate, according to recent data, by 10.6% compared to the same period last year, to 7.68 million tonnes.
As the enterprise told Interfax-Ukraine, in July about 1.11 million tonnes of concentrate were produced.
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 an iron content of 64.8% and 67%.
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 the Smart-Holding (23.76%).
Metinvest Group’s management company is Metinvest Holding LLC.
