KZHRK reduced sinter ore production by 16.7% y/y in August

КЖРК

In August 2023, Kryvyi Rih Iron Ore Plant (KZHRK) decreased the production of underground iron ore by 16.7% compared to the same month of 2022 – up to 225 thousand tons. It is stated in the corporate newspaper of the enterprise.

Compared with July 2023, in August, the production of sinter ore at KZHRK remained at the same level.

In August 2023, the Ternivska mine produced 45,000 tons of marketable iron ore, which is 12.5% more than the previous month and 35.7% more than in August 2022. Kozatska mine increased production by 25% m/m and decreased by 33.3% y/y – to 50,000 tons. Pokrovska increased production by 7.7% y/y for the month, but the indicator remained unchanged until July – 70,000 tons. Miners of the Kryvorizka mine reduced iron ore production by 20% m/m and fulfilled the result of August 2022 – 60 thousand tons.

In January-August 2023, the plant produced 1.65 million tons of sinter ore, which is 28.2% less than in the same period of 2022, including:

mine Ternivska – 380 thousand tons (-39.8% y/y);
Kozatska – 375.4 thousand tons (-39.9%);
Pokrovska – 387.6 thousand tons (-15.2%);
Kryvorizka – 512 thousand tons (-13.5%).

The company’s production plan for extracting commercial iron ore in August 2023 was 100% fulfilled.

As GMK Center reported earlier, in 2022 KZHRK reduced production of commercial iron ore from underground mining by 33.3% compared to 2021 – to 2.89 million tons.

In the 12 months of 2022, the Ternivska mine produced 770,000 tons of marketable ore (-34% y/y), Kozatska – 783,000 tons (-29.1% y/y), Pokrovska – 582 thousand tons (-10.2% y/y), and Kryvorizka – 753 thousand tons (-46.6% y/y).

Kryvyi Rih Iron Ore Plant (KZRK) is the largest producer of sinter ore in Ukraine. Most of its production volume is exported to Eastern Europe. KZHRK operates four underground mines. Its reserves amount to 210 million tons of rich iron ores, 58.6% Fe.