News and press releases

In February 2010 JSC Ingulets Mining and Processing Works (InGOK) increased concentrate production volume by 35% up to 1 148 thous.t

In January-February 2010 JSC Ingulets Mining and Processing Works increased concentrate production volume by 66.9% vs. the similar period of the last year up to 2 413.9 thous.t.

In 2009 JSC Ingulets Mining and Processing Works produced 11.881 mln. t of concentrate.

InGOK’s Production Performance

Briefing Note:

JSC Ingulets Mining and Processing Works (InGOK) focuses on mining and processing of ferruginous quartzites of Ingulets deposit located in the Southern Part of Kryvyi Rih iron ore basin. The enterprise produces two types of iron ore concentrate with Fe 63.7% and 67.5%. InGOK’s production capacity is 14 mln. tpa of iron ore concentrate. The enterprise employs advanced flotation concentration technologies, which currently are unique for Ukraine. InGOK is part of METINVEST Group Iron Ore Division.

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.The merger of mining and metals assets of SCM and Smart Holding within Metinvest began in 2007 and will be completed in 2009.

Metinvest Holding is the managing company of Metinvest Group.