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for Zophia wind farm in Zaporizhia and 60 4.8 mw turbines for Ochakiv in Mykolaiv. These are the largest land-based turbines produced by the Beijing-based company. Scheduled for completion at the end of next year, the two wind farms will produce enough electricity to power 1.1mn households, about 5% of Ukraine’s total.
New Solar power plants for Vinnytsia City. Vinnytsia City Council a program for the construction of solar power plants for their own consumption by healthcare institutions, and utilities of Vinnytsia city territorial community for 2022-2026. The goal of the program is to reduce the consumption of energy resources from traditional sources and reduce CO2 emissions. The construction of the solar power plant will also reduce the cost of purchasing electricity from the external network, wrote the Deputy Mayor of Vinnytsia, Andriy Ocheretny, on his Facebook page.
9.2.11 Metallurgy & mining corporate news
● Metinvest
Metinvest iron ore concentrate output rose 5% in 8M21. The attributable production of iron ore concentrate at Metinvest (METINV), Ukraine’s largest steel producer, amounted to 3.18 mmt (102.6 kt per day) in August, according to Concorde Capital’s analysis of separate news reports by Interfax-Ukraine. This is a 1.7% m/m drop on a daily average basis. The holding’s pellet output was 700 kt in August, a 21.8% m/m drop on a daily average basis. Concentrate production at Inhulets Iron Ore dropped 4.5% m/m in August to a daily rate of 34.2 kt. Production at Northern Iron Ore slid 1.3% m/m to 36.8 kt per day. Production at Central Iron Ore added 2.4% m/m to 13.9 kt per day, whereas output at Southern Iron Ore was flat m/m at 38.7 kt per day. In 8M21, Metinvest’s attributable output of iron ore concentrate rose 5.5% yoy to 24.91 mmt, or 102.5 kt per day, while its pellet production gained 17.8% yoy to 6.10 mmt.
With last year’s runup of iron and steel prices, Ukraine’s Metinvest Group became one of the world’s top 10 iron ore producers, providing 5% of Ukraine’s total GDP, reports GMK Center metals news portal. Looking back 15 years, Metinvest exported $100 billion worth of metals. In 2018, its share of Ukraine’s exports peaked at 2018. Over the last five years, Metinvest invested an average of $700 million a year, about 10% of all capital investment in Ukraine during that period.
Metinvest steel output rose 1% m/m in August. Steel production at the two Mariupol plants of Ukraine’s largest producer Metinvest (METINV) was 24.5 kt per day (760 kt per month) in August, a 0.7% m/m increase, according to Concorde Capital’s analysis of separate news reports by Interfax-Ukraine. Ilyich Steel reported a 2.7% m/m rise in steel production to 12.1 kt per day, while Azovstal’s output slid 1.3% m/m to 12.4 kt per day in August. The holding's hot iron output lost 1.9% m/m to 25.5 kt per day. In 8M21, Metinvest's steel output at its two Mariupol plants was 5.85 mmt (24.1 kt per day), or 7.3% more yoy. Steel production at Dniprovskyy Steel assets, which Metinvest might start consolidating from the beginning of August, was 6.6 kt per day (205 kt per month) in August, a 6.8% m/m decrease. Combining the Dniprovskyy Steel assets with the two Mariupol plants, Metinvest’s steel production was 6.06 mmt (24.9 kt per day), or 11.2% more yoy in 8M21.
76 UKRAINE Country Report October 2021 www.intellinews.com