Open / Close Advertisement

Metinvest Reports Iron Ore Production for December, Full Year 2010

01/11/2011 - Metinvest reported the production of 2.843 million tonnes of iron ore concentrate in December 2010, a 1.9% decrease from the previous month’s tonnage. For the full year, the company produced 35.726 million tonnes of iron ore concentrate, a 16.6% increase vs. the previous year (2009).

Metinvest reported the production of 2.843 million tonnes of iron ore concentrate in December 2010, a 1.9% decrease from the previous month’s tonnage (November 2010). The company also produced 1.011 million tonnes of pellets in December, a 19.1% increase vs. November’s tonnage.
 
For the full year from January to December 2010, the company produced 35.726 million tonnes of iron ore concentrate, a 16.6% increase vs. the previous year (2009). For the same period, the company also produced 12.110 million tonnes of pellets, representing a 3.8% increase over 2008 pellet production.
 
For the year 2010, the company’s JSC Northern Iron Ore Enrichment Works produced 14.219 million tonnes of iron ore concentrate and 9.900 million tonnes of pellets, representing increases of 3.33% and 4.9%, respectively, vs. the previous year. JSC Northern Iron Ore Enrichment Works (Northern GOK) is one of the largest mining enterprises in Europe producing the complete cycle of metallurgical raw materials including iron ore concentrate and pellets. JSC Northern Iron Ore Enrichment Works is part of METINVEST Group Iron Ore Division.
 
For the year 2010, the company’s JSC Central Iron Ore Enrichment Works produced 6.072 million tonnes of iron ore concentrate and 2.210 million tonnes of pellets, representing an increase of 21.3% and a decrease of 0.7%, respectively, vs. the previous year. JSC Central Iron Ore Enrichment Works is the only enterprise in Ukraine that operates both open cast and underground ore mining methods, and utilizes beneficiation refuse in the production process. The Works focuses on mining, processing and production of raw materials for the metallurgical industry, such as pellets and iron ore concentrate. JSC Central Iron Ore Enrichment Works is part of METINVEST Group Iron Ore Division.
 
For the full year, the company’s Ingulets Iron Ore Enrichment Works produced 15.435 million tonnes of iron ore concentrate, representing an increase of 29.9% vs. the previous year. JSC Ingulets Iron Ore Enrichment Works (InGOK) focuses on mining and processing of ferruginous quartzites of Ingulets deposit located in the Southern Part of Kryvyi Rih iron ore basin. The enterprise produces two types of iron ore concentrate with Fe contents of 63.7% and 67.5%. The enterprise employs advanced flotation concentration technologies, which currently are unique for Ukraine. InGOK is part of METINVEST Group Iron Ore Division.
 
Metinvest is a vertically-integrated international mining and metals company. Production facilities allow the enterprises both to satisfy their own needs in raw materials, liquid steel and semi-finished products and to be a key supplier for many other Ukrainian and European companies, as well as Asian businesses. Shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%). Metinvest Holding is the managing company of Metinvest Group.