Local newspaper Delo has reported citing Mr. Christophe Cornier, member of ArcelorMittal group management board, as saying ArcelorMittal Kriviy Rih intends to implement a project for processing oxidized ores.
Mr. Cornier said “We produce 8 million tons of sinter per year and, with the introduction of oxidized ore processing technology, the production will double.”
The management of the company did not disclose its investment plans for the project in question.
According to experts, if ArcelorMittal Kriviy Rih implements its ore oxidation project it will be able not only to fully satisfy itself with raw materials, but also to export them.
Mr. Sergei Gadja, analyst of investment company Dragon Capital, said “In this case, ArcelorMittal will be able to provide from Ukrainian raw materials to its companies in Central and Eastern Europe which currently mostly buy raw materials from Metinvest and Ferrexpo.”
ArcelorMittal Kriviy Rih currently produces raw materials for its own needs which include magnetite and oxidized ores. Magnetite ore is used for the production of concentrate required for pig iron production while oxidized ore is stored in tailing dumps. (Delo)
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