Iron ore division of Metinvest unites enterprises leading in iron ore mining and processing industry of Ukraine. In 2008 iron ore wing of Metinvest produced 31.3 mmt of iron ore concentrate, of which 18.7 mmt was merchant concentrate, with the remainder being used for the production of 11.4 mmt of pellets. Metinvest is fully self-sufficient in iron ore for its own steel production and is also one of the leading suppliers to many other metallurgical companies in Ukraine, Europe and Asia.
Metinvest is ranked as the 7th largest producer of iron ore materials in the world, and the 3rd largestproducer of pellets in CIS.
Iron ore division is headed and managed by Alexander Vilkul, Honorary director of the division.
Strategic objectives of the Division
- Provision of guaranteed high quality of products through introduction of floatation beneficiation of iron ore concentrate at Severniy GOK and expansion of floatation capacities at InGOK.
- Expansion of sales geographically and long-contracts utilisation.
- Investments into most advanced technologies of environmental protection and labour safety improvement.
