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Poltava Mining and Processing Plant (PGOK), which is part of the Ferrexpo group, plans to increase the production of pellets to 24 million tons per year, said Victor Lotous, chairman of the board of PGOK during the presentation of a number of investment projects at PGOK and Yeristovsky GOK Ferrexpo.

According to the estimates of Lotous, he will be able to reach new production indicators for PGOK within 5-8 years. According to plans for 2020, the production of pellets will amount to 11.5 million tons.

“At the first stages of conceptual design, it turned out that we can increase (production - ed.) At existing facilities, practically without changing equipment, such as furnaces and a ring cooler. There are companies that produce 6 million tons of pellets per year from a single line on similar sizes of equipment. Therefore, theoretically, this is possible. Just now we need to make a project and implement it, ”said Lotous.

To achieve this goal, the company is modernizing production processes and equipment. In particular, a new complex of medium-fine crushing of the PGOK crushing plant was launched, which consists of two tracts processing 1 thousand tons of ore per hour each. Prior to modernization, the capacity of one tract was 400 tons per hour.

A new technological complex for the production of finished products “Section No. 9” of the processing plant was also launched. This is a complex production chain, which includes additional sections of crushing and processing, a new electrical substation, a transmission system for prepared raw materials and finished products, as well as additional conveyor lines. Including a new mill for grinding ore manufactured by Metso Outotec, which is currently undergoing commissioning and will be launched on August 1. Investments in Section 9 amounted to more than $ 100 million.

Earlier, the company also began construction of a concentrate storage complex with a total value of about $ 40 million. The implementation of this project will allow PGOK to operate equipment for concentrate production without stops during scheduled repairs of pellet production lines.

“We have 4 pellet production lines and periodically one of them stops for scheduled repairs. And when it stops, our section stops. Having a concentrate warehouse, we will not stop the existing equipment, it will work as planned and this complex will give us an increase in pellet production by 800 thousand tons per year, ”Lotous said.

According to the deputy head of the board of PGOK for the production of Vladimir Ivanov, the company is also considering the possibility of producing commodity concentrate. A number of PGOK's customers who produce high-quality metals, for example, in Japan, are interested in buying not only pellets, but also concentrate for use as an agglomerate.

The implementation of these projects, according to Lotous, will have an effect already in 2021. It is expected that in the coming years the increase

Poltava GOK launched section 9 of the concentrator

07/16/20 18:07

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Poltava GOK has launched a new technological complex for the production of finished products "Section No. 9" of the processing plant. Ferrexpo press service reports.

The total cost of the project was over USD 100 million (over UAH 3 billion, including VAT). This investment has already made it possible to ensure payments to the state budget and budgets of other levels in the amount of about 400 million hryvnias and will further bring to budgets of different levels up to 300 million hryvnias annually. Also, thanks to the implementation of this project, additional jobs have already been created.

As noted in the message, this project for the production of finished products is the only one of its kind among similar enterprises not only in Ukraine, but also in the CIS countries.

Section 9 is a modern complex of the production chain, which includes additional crushing and dressing areas, a new electrical substation, a system for the transfer of prepared raw materials and finished products, as well as additional conveyor lines. Every part of this huge project has been installed and assembled in accordance with the world's best practices and guidelines.

The main equipment manufacturer for Section 9 is Metso Outotec (with production facilities in Sweden and the USA). Many other leading world companies also participated in the project implementation process. Construction took over four years.

As the chairman of the board of the Poltava GOK Victor Lotous noted, Ukrainian contractors from different regions (from 500 to 1000 people in different periods of construction) were involved in the implementation of this project, which provided additional employment in different sectors of the country's economy and additional revenues to the budgets of all levels. "Despite the objective difficulties and instability of the global industry market, the Company was able to implement the project as part of Ferrexpo's investment plan for sustainable development," he added.

This project will make it possible to produce an additional 2 million tons of finished products. This will increase the sales of the enterprise by about 2 billion UAH per year, starting from July 1 this year. The project launch date is July 2020. The implementation of this project will increase the installed capacity of the enterprise to more than 15 million tons of concentrate per year. The effect of the project will already be noticeable in the second half of 2020.

Holding 200k

On May 25, the Kiev Court of Appeal overturned the decision to detain and detain the businessman and former people's deputy Konstantin Zhevago, which was adopted by the Pechersky District Court of Kiev in early December 2019. This was reported by the press service of Zhevago.

"The decision of the appellate court established that Zhevago was not and is not on the international wanted list, was not hiding and is not hiding from the preliminary investigation bodies and the court, and that there are no legal grounds for taking Zhevago into custody," the report said.

In April 2020, Ukrainian mining and metallurgical companies increased the export of ore and iron ore concentrates by 31.5% compared to the corresponding month last year - to 4.2 million tons. In monetary terms, iron ore exports increased by 24.5% to $ 360, 6 million. This is evidenced by customs statistics.

Compared with March 2020, in April, the export of ore and iron ore concentrates increased by 10.9%, while in real terms, on the contrary, decreased by 10.6%.

In January-April, Ukrainian metallurgical enterprises exported 15.4 million tons of iron ore. This is 21.6% more than in the first four months of 2019.

In the first four months of this year, the country's mining companies increased revenue from export of iron ore by 18.3% compared to the corresponding period last year - up to $ 1.24 million.

The main consumer of Ukrainian iron ore remains China. Its share in Ukrainian exports for four months amounted to 56.42% - this is 4.42 percentage points less compared to January-March 2020. In second place is Poland (10.84%), in third - Austria (6.48%).

According to the results of 2019, Ukraine increased the export of iron ore by 18.5% compared to 2018 - up to $ 3.398 billion. Import of iron ore in the year amounted to 14.245 thousand tons in the amount of $ 1.412 million.

I could not resist, too strong data

Ferrexpo Konstantin Zhevago at a furious pace sends Ukrainian commodity pellets for export

[11:10 April 06, 2020]

The British Ferrexpo plc, which controls in Ukraine, in particular, the Poltava and Yristovsky mining and processing plants (PGOK and EGOK), in January-March of this year, according to preliminary data, increased the production of pellets by 21% compared to the same period last year - up to 3 million tons.

According to a company spokesman Vitaliy Oleinik on Facebook, in March 2020, a record volume of iron ore pellets was shipped from Poltava GOK - 1 million 148.770 thousand tons.

“16,411 wagons. 10 “routes” daily, which is 37 thousand tons, and these are 10 full routes exceed the previous record, which took place in December 2016. In this difficult time for Ukraine, the export of iron ore is the main source of filling the country's budget. Therefore, realizing all responsibility, on a daily, stable basis, without failures and downtime, the staff of PAO Poltava Mining Plant produces, and the SE FERROTRANS transports high-quality pellets to world markets. This is the result of coordinated and operational work of all departments involved in the transportation process, ”says the logistics manager.

As reported, Ferrexpo plc in January-February of this year, according to preliminary data, increased the production of commercial pellets by 13.7% compared to the same period last year - up to 1.924 million tons. During this period, the concentrate output increased by 4.1% to 2.156 million tons.

In February, 947 thousand tons of pellets and 971 thousand tons of concentrate were produced.

It was also reported that Ferrexpo in January-March 2019 produced 2 million 538.7 thousand tons of pellets.

Ferrexpo in 2019 reduced the total production of pellets by 0.8% compared to 2018 - to 10 million 518.95 thousand tons. At the same time, the total production of pellets with 65% iron content (premium pellets Ferrexpo Premium Pellets, FPP and premium pellets Ferrexpo plus - Ferrexpo Premium Pellets plus, FPP +) amounted to 10 million 116.12 thousand tons (an increase of 1.9%), with 62% (basic pellets Ferrexpo Basic Pellets, FBP) - 402.83 thousand tons (a decrease of 41%). Including the production of pellets with 65% iron content from own raw materials amounted to 10 million 116.12 thousand tons (an increase of 3%), from 62% - 402.83 thousand tons (a decrease of 41%).

In 2019, pellets from third-party raw materials were not produced, while in 2018, 101 thousand tons of pellets were produced.

Ferrexpo is a Swiss iron ore company with assets in Ukraine. The main activity is the production and export of high quality iron ore pellets used in steel production.

PGOK is the main asset of the British mining company Ferrexpo plc quoted on the London Stock Exchange: it owns 100% of the shares of Ferrexpo AG, which, in turn, owns 100% of the shares of Poltava GOK, 100% of Yeristovsky GOK and 99.9% of Belanovsky GOK

https://www.forbes.com/sites/kenrapoza/2020/03/18/ukraines-broken-government-scares-off-investors/#41b12b022ec2

https://gmk.center/en/news/ukraine-s-ore-exports-grew-by-20-1-in-january-february/

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In January-February, the seaports of Ukraine increased the transshipment of goods for the mining and metallurgical complex. Thus, ore transshipment increased by 41% compared to the same period last year, to 6.6 million tons

Given the strong devaluation of the hryvnia this year, the company's net profit in 2020 will exceed $ 700 million

China, actively increasing production for infrastructure development

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Yes, net profit in the region of $ 500 million

Given the devaluation of the hryvnia this year by 15-20%, the reduction in the cost of diesel fuel and gas, which affect the cost of production, as well as the growth of the company’s production, a net profit in 2020 of $ 700 million is expected

The state enterprise Yuzhny Commercial Sea Port and the iron ore company Ferrexpo have agreed to increase transshipment for the export of pellets. About this Ukrinform said Alexander Oleinik, Acting Director of the State Enterprise "MTP" South ".

“As of today, we were able to agree on an increase in export cargo of the Ferrexpo AG group of companies, and in January an order was received for transshipment of about 500 thousand tons of pellets. Moreover, the dynamics of growth in volumes is also observed in February, ”said Alexander Oleinik.

Ferrexpo Corporation plans in 2020 to increase the production of iron ore pellets by 9.5%, to 11.5 million tons, compared with the previous year.

This was reported by Ferrexpo People.

Of these, Ferrexpo plans to increase the production of premium iron ore pellets by 8.6%, to 11.08 million tons, compared to 2019.

The company plans in 2020 to make 100% shipment of raw materials under current contracts.

https://www.google.com/amp/s/gmk.center/news/ferrexpo-v-yanvare-narastila-vypusk-okatyshej-na-17-7/amp/

In January 2020, Ferrexpo Group increased the production of commercial pellets by 17.7% compared to the same period last year - up to 977 thousand tons.

Concentrate output in January increased by 12.6%, to 1.185 million tons, compared with January 2019.