Ingulets Mining and Processing Works has shipped the first batch of iron ore premium quality concentrate to a metal company in Mexico. According to the company CEO Alexander Gerasimchuk, the delivery to Mexico allows InGOK to expand sales markets. “Our products are sailing to the customers. The interest of foreign companies proves that InGOK is…
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…
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)
In 2017 Ingulets Mining and Processing Works produced 10.256 million tons of iron ore concentrate, down by 10.5% YoY. In December 2017 concentrate output totaled 911 thousand tons, up from 854 thousand tons in November 2017. In 2016 InGOK decreased concentrate production by 1.3% YoY, to 11.464 million tons. At the same time its annual…
Ingulets Mining and Processing Works is suffering from the shortage of open cars. “In 9 days of November we received only 578 open cars out of 1464 we ordered from Ukzaliznytsia. Thus, the fulfillment of the orders is 39%. What a service!” the company CEO Alexander Gerasimchuk wrote on his Facebook page. Because of this…
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…
Ingulets Mining and Processing Works, a part of Metinvest, has purchased two 130-ton BelAZs. The keys to giant trucks have been given to the best teams of the company. “InGOK uses only the best machinery in its operation. Within the investment program in May we put to new BelAZs into operation. The new machines are…
In 2016 Ingulets Mining and Processing Works, a part of Metinvest, received 69.264 million UAH of net losses as opposed to 3498.874 million UAH of losses in 2015. According to the company statement, its undistributed profits at the end of 2016 totaled 1234.407 million UAH. Last year InGOK increased its current liabilities by 15.2% YoY,…