Central Mining is increasing production and will reach 100% capacity by the end of 2024

Metinvest’s Central Mining and Processing Plant (Central GOK) increased its production volumes throughout the year and reached almost 100% of its capacity at the end of 2024. This was stated by Igor Tonev, CEO of Metinvest’s GOKs, in an address in honor of the day the Central GOK was founded.

In particular, the Kolachevsky mine has reached its planned productivity. In addition, the company actively worked to reduce energy intensity and production costs by introducing innovative energy-efficient technologies.

During the year, the company carried out important overhauls of equipment at its factories, quarries and railroad sections. Significant attention was paid to environmental programs to ensure compliance with modern standards.

«Central is not only about production and high-quality products. First of all, it is a team – a close-knit and proven professional team, each member of which deserves the warmest words of gratitude! There is no doubt that, united around common values, we will definitely survive, win peace and continue to develop our company, set ambitious goals and achieve them,» said Igor Tonev, CEO of Metinvest’s Central GOK.

Central GOK remains an example of resilience and development even in difficult times, continuing to support Ukraine in its fight for independence.

As GMK Center reported earlier, Metinvest Group’s Central, Ingulets and Northern Mining and Processing Plants utilized a total of UAH 2.3 billion in investments to maintain production facilities in 2023.

In the third quarter of 2024, Metinvest reduced its production of iron ore concentrate (total) by 17% quarter-on-quarter to 3.35 million tons. Production of commercial iron ore products in the period amounted to 3.23 million tonnes (-15% q/q), including 1.85 million tonnes of concentrate (-16% q/q) and 1.38 million tonnes of pellets (-14% q/q).