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Zaporizhia Iron Ore Plant increases capital investments by 20% in H1 2021
KYIV. Aug 26 (Interfax-Ukraine) – Zaporizhia Iron Ore Plant (Dniprorudne, Zaporizhia region) in January-June of this year increased the total volume of capital construction by 20% compared to the same period last year, from more than UAH 164.8 million to UAH 197.8 million excluding VAT in the first half of 2020.
During this period, the company implemented the project "Reconstruction of Zaporizhia Iron Ore Plant. Opening of Pivdenno-Bilozirske and Pereverzivske Deposits," as well as built crushing and batching cargo shaft No. 2 at a horizon of 898-1,140 m.
At the same time, it is noted that the implementation of these works will allow putting into operation deep horizons, and providing miners with a work front for several decades to come.
As reported, at a meeting of the trade union committee held on July 8, it was stated that the total volume of capital construction (without replacing the main technological equipment) amounted to UAH 441.129 million excluding VAT, which is UAH 62.139 million more than in 2019. Core funds were used for the construction of new production facilities.
Zaporizhia Iron Ore Plant sells its products to metallurgical enterprises in Slovakia, the Czech Republic, Austria and Poland, as well as to Zaporizhstal metallurgical plant in Ukraine.
The main shareholders of the plant are Slovak company Minerfin, a.s. with 51.1697%, Zaporizhstal with 29.5193%, and Czech KSK Consulting, a.s. with 19.0632%.
