In 2017 Central Mining and Processing Works produced 2.25 million tons of pellets, down by 2.3% YoY. Iron ore concentrate output decreased by 10.6%, to 4.669 million tons. In December 2017 it produced 216 thousand tons of pellets and 397 thousand tons of concentrate, all up from 83 thousand tons and 385 thousand tons in…
The Central Mining and Processing Works has not supplied some 45 thousand tons of iron ore products to its customers in Eastern Europe because of the lack of railroad wagons. According to the company CEO Dmitry Shevchik, of this volume some 15 thousand tons are irreparable losses. At the same time Ukrzaliznytsia lost around 10…
The Central Mining and Processing Works has completed the reconstruction of the pelletizing factory. Now the enterprise is capable of manufacturing products corresponding to the best international quality standards. Investments in the project totaled 52 million UAH. With the reconstruction the factory efficiency increased by 7%. (Ukrainian metal)
Warehouses of the Central Mining and Processing Works are full of products, which cannot be shipped because of Ukrzaliznytsia. With the nominal capacity of warehouses at 70 thousand tons, they now stock 103 thousand tons, while pellets have to be stored in the fields. “We are way behind our obligations to our customers, mostly in…
The Central Mining and Processing Works has purchased two Komatsu bulldozers valued at over 40 million UAH. The new machines have already started operating at the Gleevatsky quarry. According to the company CEO Dmitry Shevchik, investment program for 2017 is 1.3 billion UAH, the largest in the past 5 years. “We invest into modernization of…
The Central Mining and Processing Works has implemented an energy saving model, which would decrease the product prime cost. According to the company CEO Dmitry Shevchik, it now uses frequency regulation systems. They allow decreasing electricity usage and increasing the lifecycle of the equipment. At present the company operates 12 electric devices to control pumps,…
In January-April Central Mining and Processing Works produced 674 thousand tons of pellets, down by 19% YoY. According to a company representative, iron ore concentrate output dropped by 11.4%, to 1.536 million tons. In April CGOK produced 67 thousand tons of pellets and 385 thousand tons of concentrate, down from 200 thousand tons of pellets…
Central Mining and Processing Works, a part of Metinvest, will pay 1.665 billion UAH of dividends for 2016 from 2218.888 million UAH of net profits. The dividends will be paid from June 4 through October 18. Last year CGOK increased net profit 3.2-fold YoY, to 2218.888 million UAH. Its undistributed profit in late 2016 was…