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Pobuzhsky ferronickel plant reduced production due to repair of ore-thermal furnace

Ukraine / Ferrous metallurgy

In 2021, the company plans to allocate UAH 172.7 million for equipment modernization.

Pobuzhsky ferronickel plant reduced production due to repair of ore-thermal furnace

The only enterprise in Ukraine that produces ferronickel from poor oxidized ores on an industrial scale, Pobuzhsky Ferronickel Plant LLC in the first half of 2021 processed 666 278 tons of nickel ore, which corresponds to 32 291 tons of ferronickel from ore raw materials or 7 375 tons of nickel .

The volume of production, compared to the corresponding period last year, decreased due to the completion of the overhaul of the ore-thermal furnace No. 2 in the first quarter of 2021, the plant explained.

Pobuzhsky Ferronickel Plant LLC is a Ukrainian metallurgical enterprise that produces ferronickel from poor oxidized nickel-containing ores on an industrial scale. It is the only Ukrainian enterprise with such technology and is located in the village of Pobuzhie, Golovanevsky district of the Kirovograd region.

The company belongs to the international group Solway Investment Group (assets in Guatemala, Macedonia, Argentina, Indonesia, Russia and the Philippines). Solway's key shareholder is Alexander Bronstein.

Together with the investment fund Aterra Capital of the Russian billionaire Alexei Mordashov, Solway is developing a copper and gold mine in Argentina. In the Russian Kuriles, the group has a gold mining business with reserves of 20 tons of gold.

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