Metinvest Announced Iron Ore Production in November

OREANDA-NEWS. December 22, 2010. Production performance of Iron ore division of Metinvest in November, 2010.

Table 1

Production	November 2010, thousand tons	October 2010, thousand tons	November 2010  vs. October 2010, thousand tons	November 2010  vs. October 2010, %
Iron ore concentrate (Northern GOK, CGOK, InGOK)	2,898.16	2,891.52	plus 6.65	plus 0.2
Pellets (Northern GOK, CGOK) (*)	848.308	824.01	plus 24.3	plus 2.9

Table 2

Production	January-November 2010, thousand tons	January-November 2009, thousand tons	January-November 2010  vs. January-November 2009, thousand tons	January-November 2010  vs. January-November 2009, %
Iron ore concentrate (Northern GOK, CGOK, InGOK)	32,882.72	27,580.69	plus 5,302.03	plus 19.2
Pellets (Northern GOK, CGOK)	11,099.94	10,508.32	plus 591.62	plus 5.6

*) Central Iron Ore Enrichment Works. The 90% increase in pellets production by CGOK has been due to coming on stream of pelletizing machine OK-324 after the overhaul.

Major indicators of Northern Iron Ore Enrichment Works performance. Table 3

Product	November 2010, thousand tons	October 2010, thousand tons	November 2010  vs. October 2010, thousand tons	November 2010  vs. October 2010, %
Iron ore concentrate	1,150.08	1,120.32	plus 29.8	plus 2.66
Pellets	648.81	719.01	-70.21	-9.8

Major indicators ofNorthern Iron Ore Enrichment Works. Table 4

Product	January-November 2010, thousand tons	January-November 2009, thousand tons	January-November 2010  vs. January-November 2009, thousand tons	January-November 2010  vs. January-November 2009, %
Iron ore concentrate	13,115.94	12,490.12	plus 625.8	plus 5.01
Pellets	9,095.24	8,488.02	plus 607.22	plus 7.2

Major indicators of Central Iron Ore Enrichment Works performance. Table 5

Product	November 2010, thousand tons	October 2010, thousand tons	November 2010  vs. october 2010, thousand tons	November 2010  vs. october 2010, %
Iron ore concentrate	493.00	532.00	-39.0	-7.3
Pellets	199.50	105.00	94.5	90.00

Major indicators of Central Iron Ore Enrichment Works performance. Table 6

Product	January-November 2010, thousand tons	January-November 2009, thousand tons	January-November 2010  vs. January-November 2009, thousand tons	January-November 2010  vs. January-November 2009, %
Iron ore concentrate	5,584.20	4,485.90	plus 1,098.3	plus 24.5
Pellets	2,004.70	2,020.30	-15.6	-0.8

Major indicators of Ingulets Iron Ore Enrichment Works performance. Table 7

Product	November 2010, thousand tons	October 2010, thousand tons	November 2010 vs. October 2010, thousand tons	November 2010 vs. October 2010, %
Iron ore concentrate	1,255.08	1,239.20	plus 15.9	plus 1.3

Major indicators of Ingulets Iron Ore Enrichment Works performance. Table 8

Product	January-November 2010, thousand tons	January-November 2009, thousand tons	January-November 2010 vs. January-November 2009, thousand tons	January-November 2010 vs. January-November 2009, %
Iron ore concentrate	14,182.58	10,604.67	plus 3,577.9	plus 33.7

JSC Central Iron Ore Enrichment Works (CGOK) is the only enterprise in Ukraine, which operates both open cast and underground ore mining methods, and utilizes beneficiation refuse in the production process. CGOK focuses on mining, processing and production of raw materials for metallurgical industry, such as pellets and iron ore concentrate. Annual production capacity of the enterprise is currently over 5.9 mln. t of iron ore concentrate and over 2.2 mln. t of pellets. CGOK is part of METINVEST Group Iron Ore Division.

JSC Northern Iron Ore Enrichment Works (Northern GOK) is one of the largest mining enterprises in Europe with complete cycle of metallurgical raw materials production: iron ore concentrate and pellets. Annual production capacity of the enterprise is currently over 13.3 mln. t of iron ore concentrate and over 11 mln. t of pellets. SevGOK is part of METINVEST Group Iron Ore Division.

JSC Ingulets Iron Ore Enrichment 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.

Metinvest Holding is the managing company of Metinvest Group.