Central Mining allocated UAH 6.7 million for energy saving projects

The Central Mining and Processing Plant (Central GOK), a part of Metinvest Group, has invested UAH 6.7 million in energy-saving projects. This is stated in a press release by Metinvest.Media.

In order to fulfill production plans with the lowest production costs, in 2023, the Central Mining and Processing Plant organized the operation of equipment at the most favorable time – at night, during the minimum tariff period. During the day, the concentrate production process was suspended and, accordingly, the volume of process water pumping was reduced.

«The plant’s specialists analyzed the electricity consumption and operating modes of the existing pumps of the water-sludge cycle stations and proposed to install new, more economical units of similar performance at the pumping station of the technical power supply shop and at the slurry pumping station of the sludge management shop,» the statement said.

In order to save electricity consumption when pumping reduced volumes of process water, the Central GOK purchased and installed new pumping units at the water-sludge cycle stations.

As part of the project, the specialists replaced a pumping unit that consumed 1305 kWh with a more economical one with a consumption of 500 kWh. And in the sludge management shop, a pumping unit that uses 385 kWh instead of 800 kWh consumed by the previous equipment was installed at the intake sump of the slurry pumping station.

Within four months after the modernization, the economic effect fully compensated for the investment involved in its implementation. Experts estimate that the expected annual savings will reach more than UAH 19 million.

«It is very important for us to ensure the stable operation of the plant, and despite the difficult times, we continue to modernize equipment, implement priority projects and energy saving measures. This gives us the opportunity to significantly reduce production costs and strengthen the company’s competitiveness in the global market,» said Maxim Strilets, Head of Energy Management at Central GOK.

Earlier, Central GOK allocated UAH 4 million to repair the crusher KRD 900/100 at the crushing plant. In addition, in March, the plant completed a major overhaul of the OK-324 roasting machine at the pelletizing plant. The repairs were carried out as part of the pellet production process optimization program.

  • Global Market

The World Bank has downgraded its global growth forecast due to the war in the Middle East

The World Bank has lowered its forecast for global economic growth in 2026 to 2.5%…

Saturday June 13, 2026
  • Global Market

South Africa is stepping up measures to support the steel industry

The South African government is stepping up measures to support the steel industry as the…

Friday June 12, 2026
  • Companies

Thyssenkrupp has completed the sale of its remaining shares in AST to the Arvedi Group

German steelmaker Thyssenkrupp has announced the completion of the sale of the remainder of its…

Friday June 12, 2026
  • Companies

The Slovenian SIJ Group is launching a comprehensive business transformation programme

The Slovenian steel producer SIJ Group has launched a transformation programme in response to significant…

Friday June 12, 2026
  • State

The State Statistics Service has revised the rate of GDP decline in Q1 downwards to 0.6% y/y

The State Statistics Service has revised downwards its estimate of the decline in Ukraine’s real…

Friday June 12, 2026
  • Global Market

Fitch raises its iron ore price forecast for 2026 to $100 per tonne

The international credit rating agency Fitch Ratings has revised its short-term forecasts for mining commodity…

Friday June 12, 2026