Interfax Russia reported that Ukrainian steel & mining giant Metinvest plans to continue to develop coking coal producer Pokrovske Colliery in the Donetsk region as well as the Sviato-Varvarynska Beneficiation Plant in Ukraine. Metinvest CEO Mr Yuriy Ryzhenkov at a meeting with Metinvest’s Pokrovsk Coal employees said “Our plans haven't changed. We're continuing to work, and we understand that our coal will be in demand in the next 10 to 15 years. It's too early to speak about clean technology and green steel. While I am sure a transition to green steel is inevitable, this will take another 15-20 years. Our coal will be needed during this time. Therefore, we intend to follow through on our plans of developing and upgrading the Pokrovske Colliery. Coal produced by the Pokrovske Colliery's miners is valuable and needed.”Mr Ryzhenkov said “Four producing sections are currently operating at the Pokrovske Colliery. We stand ready to keep stepping up the volumes, increasing the cutting rate and production indicators, and invest in development. We have time-tested marketing channels now. We've managed to find new markets not only in Ukraine, but also in other countries, such as Slovakia, Hungary, and Poland. We consider possible cooperation with West European plants.”Mr Ryzhenkov also said “The events in Ukraine have had a substantial effect on Metinvest's operations. We've lost the opportunity to operate our plants in Mariupol. We had to stop our plant in Avdiyivka, evacuate people and take equipment out of there. Our plants and facilities in Kamyanske, Zaporizhzhya, and Kryvyi Rih are not working at full capacity.”Metinvest had become Pokrovske Colliery’s minority shareholder in 2018 &established control over in March 2021. Metinvest set up the company Metinvest Pokrovsk Coal on 1 December 2021 to manage operational and administrative changes of the Pokrovske Colliery Group companies. It comprises the Pokrovske Colliery and the Sviato-Varvarynska Beneficiation Plant. Pokrovske Colliery, earlier known as Krasnoarmiiska-Western No 1, is the largest producer of coking coal in Ukraine.Metinvest Holding is the management company of Metinvest Group. The primary shareholders of Metinvest are SCM Group 71.24% & Smart Holding 23.76%.
Interfax Russia reported that Ukrainian steel & mining giant Metinvest plans to continue to develop coking coal producer Pokrovske Colliery in the Donetsk region as well as the Sviato-Varvarynska Beneficiation Plant in Ukraine. Metinvest CEO Mr Yuriy Ryzhenkov at a meeting with Metinvest’s Pokrovsk Coal employees said “Our plans haven't changed. We're continuing to work, and we understand that our coal will be in demand in the next 10 to 15 years. It's too early to speak about clean technology and green steel. While I am sure a transition to green steel is inevitable, this will take another 15-20 years. Our coal will be needed during this time. Therefore, we intend to follow through on our plans of developing and upgrading the Pokrovske Colliery. Coal produced by the Pokrovske Colliery's miners is valuable and needed.”Mr Ryzhenkov said “Four producing sections are currently operating at the Pokrovske Colliery. We stand ready to keep stepping up the volumes, increasing the cutting rate and production indicators, and invest in development. We have time-tested marketing channels now. We've managed to find new markets not only in Ukraine, but also in other countries, such as Slovakia, Hungary, and Poland. We consider possible cooperation with West European plants.”Mr Ryzhenkov also said “The events in Ukraine have had a substantial effect on Metinvest's operations. We've lost the opportunity to operate our plants in Mariupol. We had to stop our plant in Avdiyivka, evacuate people and take equipment out of there. Our plants and facilities in Kamyanske, Zaporizhzhya, and Kryvyi Rih are not working at full capacity.”Metinvest had become Pokrovske Colliery’s minority shareholder in 2018 &established control over in March 2021. Metinvest set up the company Metinvest Pokrovsk Coal on 1 December 2021 to manage operational and administrative changes of the Pokrovske Colliery Group companies. It comprises the Pokrovske Colliery and the Sviato-Varvarynska Beneficiation Plant. Pokrovske Colliery, earlier known as Krasnoarmiiska-Western No 1, is the largest producer of coking coal in Ukraine.Metinvest Holding is the management company of Metinvest Group. The primary shareholders of Metinvest are SCM Group 71.24% & Smart Holding 23.76%.
