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Metinvest Launches Second Ore Concentrate Upgrading Facility at Ingulets GOK
12/27/2011 - Metinvest has commissioned its second magnetic and flotation iron ore concentrate upgrading facility at Ingulets Iron Ore Enrichment Works.
Metinvest has commissioned its second magnetic and flotation iron ore concentrate upgrading facility (MFCU) at Ingulets Iron Ore Enrichment Works (Ingulets GOK). The facility’s launch, which was implemented within the framework of Metinvest’s long-term development strategy, represents a total investment of some US$ 40 million.
The new Ingulets MFCU facility will have an annual capacity of approximately 3.3 million tonnes of concentrate, allowing Metinvest to increase output of high quality premium class merchant concentrate with Fe content of 67% and above to 6.5 million tonnes per annum.
“The commissioning of the second MFCU facility at Ingulets GOK will allow us to boost merchant volumes of premium class iron ore materials for our Metallurgical Division,” commented Mykola Ishchenko, Director of Metinvest’s Mining Division. “The facility’s modern equipment enables production of high quality raw materials, which, in turn, guarantees high quality value-added downstream products.”
Ingulets GOK has been successfully utilizing MFCU technology since 2003, when it launched its first facility with an annual capacity of over 3.2 million tonnes. The second MFCU facility will enable Ingulets GOK not only to increase MFCU premium quality concentrate production volumes, but also to produce concentrate with Fe content of 65% and above, instead of the current 63.7%.
The MFCU facility will start operating at full capacity from January 2012.
Metinvest is an international vertically integrated steel and mining company owning 24 assets in Ukraine, Europe and the United States and managing each link of the production chain – iron ore and coal mining and coke production through to semi-finished and finished steel production. Production includes the manufacture of plate and coil, pipe rolling, shapes and bars and other value-added products.
