Investment projects were aimed at the stability of production processes, major repairs of machinery and equipment

In 2023, Metinvest Group’s Central, Ingulets and Northern Mining and Processing Plants (Minings) utilized a total of UAH 2.3 billion in investments to maintain production capacity. This is stated in the report of Metinvest. Media.

Investments were directed to projects to increase productivity and product quality, ensure the stable operation of key equipment, and reduce the cost of iron ore production.

The main projects implemented at Northern Mining in 2023 include:

  • modernization of sections and installation of a new economical engine on the 2TE10M diesel locomotive used to transport ore from the Pervomaisk open pit to the first crushing plant;
  • installation of roller screens for raw pellets at the LURGI-552A roasting machine to maintain competitive positions in the European iron ore market;
  • installation of a new vacuum filter to meet the moisture content of the concentrate at the ore dressing plant No. 1;
  • replacement of the vacuum pump at the ore concentrator No. 2.

Last year, Central Mining completed an important energy efficiency project. Pumping equipment was replaced at the facilities of the sludge management and technical power supply shops to reduce electricity costs. The company also launched a project to build a complex of treatment equipment to provide the plant’s facilities with drinking water. In addition, the plant continues to implement a program to improve working conditions even during the war.

In 2023, Ingulets Mining directed the bulk of its investments into projects to maintain production capacity, namely the reconstruction of the tailings dump. To ensure the smooth operation of the technological chain for ore mining and concentrate production, the plant is preparing additional storage facilities for production residues. Another major project of the year, which will ensure the development of mining operations at the Mining, concerned the re-laying of railway tracks at the open pit horizons and the extension of the open pit and dump railway dead ends.

Metinvest’s Minings invested heavily in machinery and equipment overhauls. To ensure uninterrupted mining and transportation of ore, the enterprises repaired dump trucks, bulldozers, dump trucks, motor-wheel sets, railroad tracks and switches.

Crushing and processing plants overhauled sections, crushers, dredgers, grab cranes, floors and fencing structures. To maintain pellet production at the required level, the roasting machines LURGI 552 A and LURGI 552 B at Northern Mining and OK-324 at the pelletizing plant of Central Mining were shut down for repairs.

At the same time, the enterprises implemented a number of projects to save energy, organize a safe working environment, maintain infrastructure facilities, etc.

Metinvest has been recognized as one of the largest investors in Ukraine in 2022-2023, ranking second in the Ukrainian edition of Forbes. The company’s top investment projects in 2023 included the launch of new longwalls at Pokrovske Coal Group, modernization and repair of chambers at Kametstal and Zaporizhstal, as well as energy projects. The group’s investment strategy is focused on maintaining the operability of its assets.