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The new unit has replaced outdated centrifugal fans.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)

Ukraine: ZZHRK invests 174 million UAH into development in H1 2016

In January-June Zaporozhye Iron Ore Complex invested 174.41 million UAH into its development.

According to the company statement, the money was mostly spent on the construction of manufacturing capacities. 622 thousand UAH were spent on repairs.

The average salary increased by 14.8% YoY, to 8823 UAH. (Ukrainian metal)

Ukraine: ZZhRK output down in January-May 2016

In January-May Zaporozhye Iron Ore Complex mined 1.8 million tons of iron ore, down by 2.7% YoY.

According to the company statement, in May it mined 0.37 million tons of ore. Last year iron ore output dropped by 2% YoY, to 4.4 million tons. (Ukrainian metal)

Ukraine: ZZHRK allowed to work at Pereverzevskoye deposits

The State Geology Service has allowed the Zaporozhye Iron Ore Complex to use the Pereverzevskoye deposits.

Ukraine: Zaporozhye Iron Ore Complex output down in January-November 2015

In January-November Zaporozhye Iron Ore Complex (Dneprorudnoye, Zaporozhye region) produced 4.1 million tons of iron ore, down by 2.4% YoY.

Ukraine: ZZHRK profits in 2014 exceed 1 billion UAH

In 2014 Zaporozhye Iron Ore Complex (ZZHRK, Zaporozhye region) received 1.09 billion UAH of profits.

Ukraine: ZZHRK increased income in 2014

In 2014 Zaporozhye Iron Ore Complex (ZZHRK) received 1.09 billion UAH of income.