Minerfin (Slovakia) and Zaporizhstal will not stop investing into the Zaporozhye Iron Ore Complex.
“Despite the very difficult situation – two years ago iron ore world prices dropped sharply – we still carried on investing in the construction of the grinding complex. I hope the development of the enterprise will not stop, and together with Zaporizhstal we will continue investing in it”, Minerfin shareholder Jan Moder said.
According to Zaporizhstal CEO Rostislav Shurma, the new horizon with 68 million tons of ore will make ZZhRK operational for 15 years.
“ZZhRK is one of our main raw materials suppliers. We receive some 40% of all the raw materials from there”, he added.
Zaporozhye Iron Ore Complex CEO Mikhail Korolenko reported that under stable ore sales and price, the enterprise planned to produce 6 million tons of ore per year by 2025.
“We’re going smoothly, in 2010 we reached 4.5 million tons”, he said. (Ukrainian metal)