Page 78 - UKRRptJan22

complex in Kryvyi Rih is now capable of processing 23mn tonnes of ore per year, reports Metinvest, the nation’s largest mining company.
Ukraine’s largest energy company DTEK may have hidden the real scale of an accident that took place at one of their coal-fired thermal power plants in early November, according to a December 2 report by Schemes, the investigative unit of Radio Free Europe/Radio Liberty. According to the report, hazardous waste flooded about 10 hectares of land when the coal ash and slag pipeline broke at the Burshtyn thermal plant on November 1. The waste was then reportedly pumped into a reservoir and got into the Dniester River. DTEK’s initial statement about the accident was misleading and downplayed the accident, according to Schemes. The company denied the allegations in a comment to the Kyiv Independent. DTEK, whose plants are among the top polluters in Europe, is owned by Ukraine’s richest man, Rinat Akhmetov. The Burshtyn thermal plant is located in the western Ivano-Frankivsk Oblast, 560 kilometers southwest of Kyiv.
The attributable production of iron ore concentrate at Metinvest (METINV), Ukraine’s largest steel producer, amounted to 3.00 mmt (96.7 kt per day) in October, according to Concorde Capital’s analysis of separate news reports by Interfax-Ukraine. This is a 2.8% m/m drop on a daily average basis. The holding’s pellet output was 410 kt in October, a 32.1% m/m drop on a daily average basis. Concentrate production at Inhulets Iron Ore dropped 3.4% m/m in October to a daily rate of 32.8 kt. Production at Northern Iron Ore fell 12.0% m/m to 32.3 kt per day. Production at Central Iron Ore jumped 19.8% m/m to 14.0 kt per day, whereas output at Southern Iron Ore added 2.9% m/m to 38.4 kt per day. In 10M21, Metinvest’s attributable output of iron ore concentrate rose 5.3% yoy to 30.97 mmt, or 101.9 kt per day, while its pellet production gained 11.9% yoy to 7.07 mmt.
Metinvest subsidiary Pokrovske Coal boosts output 17% m/m in November. Pokrovske Coal, Ukraine’s largest coking coal miner and a subsidiary of Metinvest (METINV), produced 5.66 mmt of raw coking coal (16.9 kt per day) in 11M21, a 2.1% y/y rise, according to Concorde Capital’s analysis of Ukraine's Energy Ministry data. The daily coal production rate at Pokrovske Coal jumped 16.7% m/m to 19.0 kt in November. Recall, Pokrovske Coal planned to launch a new longwall in November, and Svyato-Varvarynska enrichment plant planned to be ready to process 28.8 kt of raw coal per day. Svyato-Varvarynska processes almost exclusively the raw coal mined by Pokrovske Coal.
Metinvest steel output jumped 18% m/m in November. Steel production at Ukraine’s largest producer Metinvest (METINV) was 31.3 kt per day (940 kt per month) in November, an 18.5% m/m increase, according to Concorde Capital’s analysis of separate news reports by Interfax-Ukraine. Ilyich Steel reported a 0.5% m/m rise in steel production to 11.7 kt per day, while Azovstal’s output skyrocketed 37.8% m/m to 12.7 kt per day and production at Dniprovskyy Coke jumped 24.0% m/m to 7.0 kt per day in November. The holding's hot iron output shot up 27.9% m/m to 33.0 kt per day in November. In 11M21, Metinvest's steel output was 8.67 mmt (26.0 kt per day), or 15.9% more y/y.
EBITDA at Metinvest (METINV), Ukraine’s largest steelmaker, skyrocketed 4.4x y/y to $6,102mn (including joint ventures) in 9M21, according to its financial results published on December 3.
78 UKRAINE Country Report January 2022 www.intellinews.com