Ukraine: ZZhRK output up in 2018

In 2018 Zaporozhye Iron Ore Complex increased iron ore output by 1.2% YoY, to 4.5 million tons.

In December 2018 the company manufactured 380 thousand tons of ore.

Annual plan was fully met.

The same results were reached in 2017. (Ukrainian metal)

Ukraine: ZZhRK increases wages

From October 1 Zaporozhye Iron Ore Complex has increased wages by 15%.

According to the supervisory board the decision has been taken to improve the life level and the motivation of the employees.

ZZhRK is developing the Yuzhno-Belozerskoye and Pereverzevskoye iron ore deposits. (Ukrainian metal)

Ukraine: ZZhRK to pay 850 million UAH of dividends

Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.

According to the company statement, the dividends will be paid from March 20 till July 27.

The dividends will be paid for 2014.

In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)

Ukraine: Zaporozhye Iron Ore Complex mine gets new ventilation unit

The Department of the State architecture-construction inspection in the Zaporozhye region has commissioned the main ventilation unit of the northern ventilation shaft at the Ekspluatatsionnaya mine. Zaporozhye Iron Ore Complex ordered the construction. The total area of the main ventilation unit building is 985.3 square meters, and its capacity is 500 cubic meters per second.…

Ukraine: Corum builds fan unit at ZZhRK

Corum Group has finished the construction of the fan unit at the Expluatatsionnaya mine of the Zaporozhye Iron Ore Complex.

The unit has already received the certificate allowing it to be commissioned. The fan will be providing the mine with ventilation for some 35 years.

The new unit has replaced outdated centrifugal fans. (Ukrainian metal)

Ukraine: Minerfin and Zaporizhstal to continue investing into ZZhRK development

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…

Ukraine: ZZhRK reaches 68 million tons ore horizons

Zaporozhye Iron Ore Complex has gained access to ore reserves of 68 million tons.

The construction of the new grinding complex and the new ore deposits will create 152 new jobs.

In 2012-2016 ZZhRK invested over 1.86 billion UAH into development and modernization. (Ukrainian metal)

Ukraine: ZZhRK company of the year

According to the International economic rating “Best of the Best” Zaporozhye Iron Ore Complex was named “Company of 2016”. The new status has been confirmed by Standard Chartered Rating GmbH (Germany), International Rating Association (Hong Kong) and Summit International Awards (Ukraine). “This prize is the high evaluation of both the company reputation on the whole,…

Ukraine: ZZhRK profits directed to development

Shareholders of Zaporozhye Iron Ore Complex have decided to spend all the company net profits for 2015 on development.

In 2015 ZZhRK net profits fell 4.9 times YoY, to 232.08 million UAH from 1129.12 million UAH. (Ukrainian metal)