OREANDA-NEWS. January 28, 2013. Metinvest Group, an international vertically integrated group of steel and mining companies, invested more than UAH 2.6 billion in new equipment and on construction projects for enterprises in its Mining Division in 2012 as part of its long-term investment program.

Metinvest invested over UAH 2 billion in capital construction projects and capital repairs of the equipment of its Mining Division’s enterprises in 2012. Major projects in 2012 included:

Northern GOK: construction of a crushing and transfer complex and capital repairs to a pellet-roasting machine

Ingulets GOK: optimization of beneficiation waste pumping

Central GOK: development of ferrous sand fields at the tailing dump

Komsomolsk Mine: construction of a crushing and transfer complex

Krasnodon Coal: implementation of an integrated production safety system and modernization of the aero gas control system at the Sukhodolskaya-Vostochnaya mine

Investments in mining equipment amounted to more than UAH 600 million in 2012. Metinvest purchased 17 dump trucks, two boring rigs, four excavators, four bulldozers, an electric locomotive and 12 railway dump cars for its enterprises in Kriviy Rih: Northern, Ingulets, and Central GOKs. Metinvest also purchased 10 combines, 18 conveyers, and several self-propelled railcars and rock-loading vehicles for Krasnodon Coal.

Nikolai Ishchenko, Director of Metinvest’s Mining Division: "The systematic implementation of Metinvest’s long-term investment program allows us to improve the competitiveness of our mining enterprises. In this way, we cut production costs, while at the same time reducing environmental impact, and improving the safety of our employees."