Metinvest to Invest Heavily in Mining Plants in 2014
05/22/2014 - Metinvest Group, an international, vertically integrated group of steel and mining companies based in Ukraine, will invest over UAH 3 billion in its mining division's assets in 2014 as part of its long-term investment program.
The company plans to invest more than UAH 2.2 billion in capacity maintenance projects and major overhauls of equipment at the plants in its mining division. Around UAH 140 million will be used to purchase new mining machinery.
The following key projects will be undertaken at the plants in 2014:
The following key projects will be undertaken at the plants in 2014:
- ongoing construction of the conveyor and crusher system at the Pervomayskyi pit of Northern GOK;
- ongoing refurbishment of the Lurgi 278-B roasting machine at Northern GOK;
- replacement of the gas cleaning systems at the Lurgi 552-В roasting machine at Northern GOK;
- relocation of the conveyor and crusher system at a pit at Ingulets GOK;
- design work on thickening the tailings at Ingulets GOK;
- ongoing ferrous sand field development project at Central GOK;
- commissioning of a new longwall at the N. Barakova mine of Kransodon Coal;
- development of the Rodnikovskiy deposit at the Komsomolske Flux Plant.