Metinvest B. V. has increased its share in the Severniy Mining and Processing Works from 96.3961% to 96.4187%. According to the company statement, as of December 31, 2017 there were changes in the owners of more than 10% of shares. Metinvest purchased shares on the secondary market. As of late 2016 Metinvest owned 96.3961% of…
Severniy Mining and Processing Works has received 2 excavators. The first 12-cubic meter machine is operating at the Annovsky quarry. The second is being assembled for the Pervomaysky quarry. Unlike their predecessors the new excavators have a larger ladle (12 cubic meters instead of 10). The cost of the new machines is 230 million UAH.…
In January-October Severniy Mining and Processing Works sold 1.5 million tons of high iron content pellets to metal companies of Ukraine and Europe. The high-quality pellets have been produced following the experiments of using concentrate from two mining and processing works – Severniy and Ingulets. As the result iron content increased from 63.8% to 65%.…
In January-October Severniy Mining and Processing Works produced 6.128 million tons of pellets, down by 17.6% YoY. Concentrate output dropped by 6%, to 9.372 million tons. In October SevGOK produced 562 thousand tons of pellets, 948 thousand tons of concentrate as opposed to 738 thousand tons of pellets and 905 thousand tons of concentrate in…
Severniy Mining and Processing Works has started the repairs of its Lurgi 552A pelletization machine in the pellets shop No. 2. According to the company statement, investments in the project total 95 million UAH. The repair work is expected to last for 45 days. The reconstruction will increase the machine lifecycle and allow it to…
In January-September Severniy Mining and Processing Works produced 5.567 million tons of pellets, down by 16.1% YoY. Concentrate output fell by 7.3%, to 8.425 million tons. In September SevGOK produced 738 thousand tons of pellets and 905 thousand tons of concentrate as opposed to 644 thousand tons and 988 thousand tons respectively in August. In…
Severniy Mining and Processing Woks has put into operation two Atlas Copco diesel and electric drilling mills at the Pervomaysky quarry. The mills cost 63.4 million UAH. The new machines will allow the company to gradually increase output and improve both product quality and working conditions. (Ukrainian metal)
The State Fiscal Service has checked the Severniy Mining and Processing Works and found the non-payment of 1.3 billion UAH to the budget in 2012-2016. “We fear that mining and processing works do not pay rent in full, and in large volumes”, the Service said. Of the amount SevGOK has to pay some 875 million…