By 2017 Central Mining and Processing Works plans to have invested 14 million UAH into repairs of cargo truck engines. According to the company statement, this is 50% cheaper than buying new engines. “Under high competitiveness on the world market we are on a constant lookout for new reserves to decrease prime cost of our…
In January-August Central Mining and Processing Works produced 1.57 million tons of pellets, up by 0.2% YoY. According to a company representative, CGOK iron ore concentrate dropped by 15.4% YoY, to 3.55 million tons. In August the company produced 213 thousand tons of pellets and 455 thousand tons of concentrate. (Ukrainian metal)
Within the reconstruction of its pelletization factory the Central Mining and Processing Works has completed the first stage of the factory modernization. The company has put the Eirich batch-blending machine into operation. The new equipment costs 15 million UAH. The total investments into the project will reach 61 million UAH. The second stage is the…
Central Mining and Processing Works has purchased quarry machines valued at 210.5 million UAH. According to the company statement, it has acquired 6 large trucks and a Komatsu D275F-5 bulldozer. The new machines will work at the Artemovsk quarry in Kirovograd region. (Ukrainian metal)
Metinvest has to spend over $300 million to make its mining and processing works correspond to the European standards. “Some pollutions at our companies are already within the European norms, so we can only welcome the implementation of the European environmental standards in Ukraine. But it’s a long way, we have just passed a small…
Central Mining and Processing Works CEO Dmitry Shevchik suggests to implement the European practice of accumulating environment payments in special funds to be spent on environment protective measures of the payee. “There was such an experiment in Ukraine once, but it didn’t go far. I suggest to return to this initiative and to allow the…
The supervisory board of Central Mining and Processing Works has reelected Dmitry Shevchik the CEO of the company.
In 2015 Central Mining and Processing Works received 697.25 million UAH of profits.
