Ukraine: InGOK to improve rock transportation

Ingulets Mining and Processing Works has repaired the electric locomotive OPE1-AM No. 33. According to the company CEO Alexander Gerasimchuk, the locomotive was repaired at the Tbilisi Locomotive-building Pant (Georgia). Now the engineers are assembling the roof equipment. Soon the locomotive will resume operation. “This will allow us not only to increase the rock transportation…

Ukraine: InGOK starts processing factory No. 2 repairs

Ingulets Mining and Processing Works has begun the capital repairs of the ore-processing factory No. 2.

According to the company CEO Alexander Gerasimchuk, the wet-crushing mills are being repaired.

“The repair will allow us to decrease unscheduled delays risks, thus stably producing high-quality concentrate”, he said. (Ukrainian metal)

Ukraine: Metinvest GOKs to pay 4.86 billion UAH of dividends

Shareholders of Ingulets Mining and Processing Works, Central Mining and Processing Works and Severniy Mining and Processing Works (all parts of Metinvest) at their meetings on May 18 decided to pay dividends for 2017 in the total of 4.86 billion UAH. In particular, InGOK will spend 2.16 billion UAH to pay dividends, and leave 2.6…

Ukraine: Metinvest GOKs to pay 4.86 billion UAH of dividends

Shareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…

Ukraine: SevGOK, CGOK and InGOK name squeeze-out price

Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…

Ukraine: all-terrain buses delivered to InGOK and SevGOK

The Kremenchug Car Works has supplied another batch of all-terrain buses KrAZ-5233 to Severniy and Ingulets Mining and Processing Works.

This is the second batch of automobiles delivered to the GOKs this month.

The first batch was dispatched some 2 weeks ago. (Ukrainian metal)

Ukraine: Metinvest secures new financing facility in equipment leasing deal

According to Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, following the successful debt restructuring completed in March, one of its subsidiaries has secured a new financing facility as part of an equipment leasing agreement. Ingulets GOK, one of the group’s key iron ore producers, has agreed to…

Ukraine: EMSS to produce machinery for INGOK

Energomashspetsstal has concluded another agreement with Ingulets Mining and Processing Works. The companies have been cooperating for over 10 years, The new contract presupposes the delivery of 17 parts for mining equipment with the total weight of 420 tons. Gear rings, trunnions, nozzles, etc. will be delivered to the customer in July-September. Last month EMSS…

Ukraine: InGOK concentrate up in January-October 2016

In January-October Ingulets Mining and Processing Works produced 9.74 million tons of iron ore concentrate, up by 2.6% YoY.

According to a company representative, in October InGOK produced 880 thousand tons of concentrate, up from 739 thousand tons in September. (Ukrainian metal)

Ukraine: EMSS produces machinery for InGOK

Energomashspetsstal has produced feed and discharge trunnions for Ingulets Mining and Processing Works ore-pulverizing mills.

According to the company statement, the weight of the equipment totaled 71 tons.

The contract was concluded in July. All the parts will be supplied by year-end. (Ukrainian metal)

Ukraine: InGOK developing crushing mill

Ingulets Mining and Processing Works has put into operation a new drum tripper valued at 3 million UAH.

Ukraine: InGOK ends 2015 with losses

In 2015 Ingulets Mining and Processing Works received 3.49 billion UAH of losses.

Ukraine: InGOK to deliver concentrate to ArcelorMittal Poland S.A

Ingulets Mining and Processing Works will supply a trial batch (20 thousand tons) of 68% iron content concentrate to ArcelorMittal Poland S.A.