OREANDA-NEWS. October 13, 2010. By the end of 2010, Metinvest will open a shared dock in the port of Mykolaiv, with the annual processing capacity of 3.4mn tons. The port has announced the completion of its part of the project worth UAH 29mn. Danube Stevedore Company, Metinvest subsidiary, is investing the remainder of the total project’s cost of UAH 247mn. The terminal should be capable of receiving Panamax-size ships, and processing general and bulk commodities.

Millennium Capital: the news is POSITIVE for Metinvest, particularly for its mining division, as most of Metinvest-owned iron ore and pellet producers are situated within no more than 100-120km from the Mykolaiv sea port. SGOK is the most probable exporter, as its 65% Fe content pellets are the most export-attractive iron ore product of Metinvest.