Severniy Mining and Processing Works has completed the program of drilling machines reconstruction at its Pervomaysky quarry. Investments into machinery overhaul totaled some 10 million UAH. According to SevGOK general director Pavel Timoshenko, the repair lasted for almost six months. 2 drilling machines have been completely repaired. “Now the maintenance and repair expenses will be…
Pervomaisky open pit mine of the Severniy Mining and Processing Works, a part of Metinvest Group, has commissioned the first start-up facility of the iron ore crushing and conveying system. It is the independent Ukraine’s largest project in the mining sector. Investments in the first line of the crushing and conveying system totaled 1.9 billion…
In January-June Severniy Mining and Processing Works produced 4.65 million tons of pellets, up by 13.2% YoY. According to the company statement, concentrate output dropped by 0.8% YoY, to 6.26 million tons. In June SevGOK produced 750 thousand tons of pellets and 983 thousand tons of concentrate down from 812 thousand tons and 1.01 thousand…
In 2016 Severniy Mining and Processing Works plans to increase pellets output by 19.5% YoY, or by 1501 thousand tons, to 9191 thousand tons. According to the company statement, it also plans to mine 28864 thousand tons of ore, as well as produce 13000 thousand tons of concentrate. In 2015 the works mined 29.15 million…
In January-March Severniy Mining and Processing Works received 228.9 million UAH of profits, while in the corresponding period of last year it received 875.55 million UAH of losses.
The supervisory board of Severniy Mining and Processing Works has reelected Pavel Timoshenko the general director of the company.
Metinvest B.V. (the Netherlands) has accumulated 96.4% of Severniy Mining and Processing Works.
In 2015 Severny Mining and Processing Works received 1212.49 million UAH of losses.