News and press releases

In January Metinvest exported almost 900 thous. t of iron ore materials by sea

19 February 2010 // Press centre Metinvest Group

In January, enterprises of the Iron Ore Division of Metinvest Group exported 894 thous. t of iron ore concentrate by sea. Significant portion of exported raw materials was shipped by Capesize class vessels.

Panamax and Capesize vessels were used for iron ore shipments in January. In particular, Capesize vessels were shipped in January: Leonidas Warrior, deadweight 183.316 thous. t, which carried around 180 thous. t of concentrate, Sealink, deadweight 177.754 thous. t, which carried around 176 thous. t.

In February, it is planned to use four Capesize class vessels for shipments to China: Diamond Warrior, deadweight 197 thous. t; Furong, deadweight 174 thous. t; Matrix, deadweight 136 thous.t; Mykonos, deadweight 194 thous.t.

Previously, Metinvest enterprises were shipping around 600 thous. t of concentrate to China per month.

«Iron ore shipments in such volumes by sea is an absolute record for Ukraine», — noted the Honorary Director of the Iron Ore Division, Alexander Vilkul.

Briefing Note:

Metinvest is an international vertically-integrated mining and metals company. Production facilities of Metinvest allow the enterprises both to satisfy their own needs in raw materials, liquid steel and semi-finished products and to be a key supplier for many other Ukrainian and European companies, as well as Asian businesses. The shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%) that manage the company on the partnership principle.

Metinvest Holding is the managing company of Metinvest Group.