$40 million investment: Ferrexpo launched a new concentrate warehouse at Poltava GZK

The mining company Ferrexpo reports on the successful commissioning of the filtration section and the concentrate warehouse at the crushing and beneficiation factory (DZF) of the Poltava mining and beneficiation plant (Poltava GZK). The total cost of the project was more than $40 million, he writes censor.net.

Illustrative photo

The project for the construction of the station was started in 2017, and it started working in the test mode from the end of 2021. The equipment was finally put into operation during a full-scale invasion.

The newly constructed building accommodates the necessary technological equipment to ensure the operation of three press filters. The closed warehouse can hold up to 35 tons of high-quality raw materials and is intended for storage of excess iron ore concentrate produced at the DZF.

In the context of complicated logistics caused by a full-scale invasion, this warehouse helps the company regulate the planned volumes of production and supply of products to Ferrexpo's international customers, which include the world's leading steel enterprises in Europe, Asia and the Middle East.

"Earlier, when there was an excess of produced concentrate, we were forced to stop one of the sections of the factory, because we had nowhere to put the excess raw materials. Now the concentrate in the form of pulp is sent to the filtration station and further, in dry form, to the warehouse. It remains there until it is needed for shipment to the side or to support the work of the next production chain — the pellet production shop," explained Igor Vedmid, head of the crushing and beneficiation factory of the Poltava GZK.

The project was implemented as part of the strategic development program of Ferrexpo, the main goal of which is to double the production of iron ore pellets to 24 million tons per year.

This is preceded by the implementation of a number of projects for the modernization of existing equipment, the construction of additional buildings and the purchase of modern equipment.

PrJSC "Poltava GZK" is one of the enterprises of the Ferrexpo company and is among the world's largest producers of high-quality pellets. The company is one of the modern high-tech enterprises of the mining industry and has been providing high-quality raw materials to the global metallurgical industry for more than 50 years.

Ferrexpo is a Swiss iron ore company with assets in Ukraine. Ferrexpo shares are included in the premium listing of the London Stock Exchange under the FTSE 250 index (ticker FXPO). The group produces high-quality premium iron ore pellets for the metallurgical industry, which, compared to the use of more common types of iron ore raw materials, allow to reduce carbon emissions and increase the productivity of producers.

Ferrexpo enterprises have been providing raw materials to the global metallurgical industry for more than 50 years.

The group has an extensive customer base that includes steel mills around the world, including in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and the USA.

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