In January-June Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both parts of Group DF and situated in Zhitomir region, produced 94 thousand tons of ilmenite concentrate.
“Output depends solely on the ilmenite buyers demand and contracts concluded. There is a slight decrease in mining YoY. But we are interested to mine only what we need, we don’t want to stock, even though there are always some stocks. The output dynamics will depend on the market situation. We are prepared to increase output”, said the companies’ director Ivan Bondar.
Both companies in H1 sold 150 million UAH worth of products. MGOK paid 16.1 million UAH of taxes, while Valki-Ilmenite – 7.6 million UAH.
In H1 2015 the companies produced 69.8 thousand tons of ilmenite concentrate. (Ukrainian metal)