Central Mining produced 2.05 million tons of concentrate in January-June 2022

The Central Mining and Processing Plant (Central GOK), which is part of the Metinvest Group, according to the results of January-June 2022, reduced the production of iron ore concentrate by 19% compared to the same period in 2021 – to 2.048 million tons. This was reported by Interfax-Ukraine.

The Northern GOK in the first half of 2022 reduced the production of concentrate by 52% to January-June 2021 – to 3.25 million tons. Ingulets GZK during this period also reduced the production of iron ore by 47% – to 3.51 million tons.

At the end of June 2022, Metinvest announced the suspension of operations at the Southern, Ingulets and Northern mining and processing plants. Southern, Ingulets will be suspended from July 1st, and Nothern – from mid-July.

The company explains this decision through challenging logistics, high costs of steel production and external factors, namely significant drop in iron and steel prices and reduction in demand for raw materials.

According to the CEO of Metinvest Group Yuriy Ryzhenkov, now the company’s enterprises are operating at the level of 30-50% of the company’s pre-war capacities due to logistical problems.

Northern mining and processing plant is one of the largest iron ore plants in Europe. It has a full cycle of iron ore production. It produces iron ore concentrate (Fe 66%) and pellets (Fe 62%, 63% and 65%). In 2021, it increased the production of pellets by 20.2% compared to 2020, to 6.35 million tons. The output of iron ore concentrate increased by 5.2% over the year, to 13.4 million tons.

Central mining and processing plant is one of the five largest producers of iron ore in Ukraine. It produces concentrate with Fe content of 65% and 68.2%, as well as pellets with Fe content of 63.9%. In 2021 Central mining and processing plant reduced the production of iron ore concentrate by 2.1% to 4.8 million tons and the production of pellets by 0.5% to 2.26 million tons.

Ingulets mining and processing plant specializes in the extraction and processing of iron quartzite from the Ingulets deposit, located in the southern part of the Kryvyi Rih iron ore basin. It produces two types of concentrate with Fe content of 64.8% and 67%. In January-November 2021, the plant increased the production of iron ore concentrate by 8.5%, to 11.8 million tons.