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Metinvest created a company to manage Ukrainian coal assets

Ukraine / Mining industry

On December 1, Metinvest Pokrovskugol was established as part of the Metinvest Group, which will manage operational and administrative changes at the enterprises of the Pokrovsk coal group.

Metinvest created a company to manage Ukrainian coal assets

The new company will coordinate all divisions of coal production and will consolidate the non-production services of the enterprises of the Pokrovsk coal group, including the Pokrovskoe mine administration and the Svyato-Varvarinskaya concentrating plant. More than 400 employees of these enterprises have already been transferred to the company.

The creation of Metinvest Pokrovskugol will eliminate the duplication of administrative functions and centrally manage finances, procurement, personnel, transport, security, continuous improvement and information technology.

Andrey Akulich became the General Director of Metinvest Pokrovskugol. Prior to his appointment, he served as Deputy General Director for Integration at Donetskstal. Andrey Akulich began his career in Metinvest Group in 2002 at the Azovstal plant, then worked in the management company, as well as at the Zaporizhstal plant.

General Director of Metinvest Group Yury Ryzhenkov:

- The creation of Metinvest Pokrovskugol is a key stage in the integration process into the Metinvest Group, aimed at increasing the efficiency of both the individual production link and the entire value chain. It will allow the group to further strengthen vertical integration and improve the quality of final products. For coal assets, these are investments in the modernization of production, new jobs, high standards of social protection of employees, improving the quality of life of people and cities of presence.

General Director of Metinvest Pokrovskugol Andrey Akulich:

- Centralization of administrative functions at coal assets of Ukraine will make it possible to competently use available resources, introduce corporate standards, and apply best practices. It is important for employees to understand that we are part of a large company that provides an opportunity for growth and development. And the result depends on everyone. Systematic work for the future, improving production safety, comfortable working conditions, social well-being - all this is possible when all departments effectively interact.

In September 2021, in the structure of the management company of Metinvest Group, the Coal Directorate was created, which, in addition to the enterprises of the Pokrovsk Coal Group, also includes the American coal mining company United Coal Company. Konstantin Ivanovich Vyaly has been appointed director of the Coal Directorate.

In March 2021, Metinvest Group gained control over the Pokrovskaya Coal Group, the largest producer of high-quality coking coal in Ukraine. The key enterprises of the Pokrovskaya coal group are the Pokrovskoye mine administration and the Svyato-Varvarinskaya concentrating plant. By consolidating the acquired assets, Metinvest Group met its needs for coking coal for pig iron production.

Pokrovskoye Mine Administration is one of the largest enterprises in Ukraine and Eastern Europe for the production of coking coal. Its resource base is over 200 million tons.

Svyato-Varvara Concentrating Plant is a premium-class producer of coal concentrate in Ukraine. The production capacity of the enterprise is about 8 million tons of raw coking coal per year, with the possibility of enriching five different classes of coal.

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