"United Mining and Chemical Company" | News | IMPP to increase output by 50% in 2020
IMPP to increase output by 50% in 2020
28.11.2019The output of ilmenite concentrate at Irshansk Mining and Processing Plant, a subsidiary of JSC UMCC, will increase 53%. This will allow to make the subsidiary profitable, UMCC expects.
Over the past three years, Irshansk Mining and Processing Plant was using exhausted open pit mines No. 5, No. 6, and No. 7. Exhausted sites, whose development has run its course, decrease of output volumes and absence of new areas to develop led to a decline in the subsidiary’s performance. For these reasons, it remained unprofitable in 2018-2019.
In the beginning of 2019, the state allocated 150 ha of land plots for mining to the subsidiary, so the plants received a chance for further development. Since then, all efforts of the processors were aimed at the development of the new areas, which are called Yurska Site (first area) of Mezhyrichne Deposit. As of today, Irshansk subsidiary has begun works on 22.3 ha out of 150 ha of allocated land. Specifically, open pit mine No. 7 has developed 2.4 ha, open pit mine No. 8 – 12.1 ha, and open pit mine No. 9 – 7.8 ha. In order to improve the performance of IMPP, the company refurbished rough concentrate factory of the open pit mine No. 9, providing it with new Australian separators, Swedish pumps and a new deslimer.
Viktor Sivchenko, Director of IMPP, says the new sites and investment into the production complex of the open pit mine No. 9 were very timely and provided an opportunity to preserve stable operation of the plant and ensure jobs for Irshansk employees for the future. The subsidiary will make a substantial breakthrough thanks to the new land areas and investments made by JSC UMCC as early as next year, says the director. “The next year, 2020, will bring positive changes to the subsidiary. The output of products made from the raw materials from the new land plots will increase by 53% compared to this year to 172,600 t,” claims Sivchenko.
In 2020, performance indicators of IMPP are expected to be the best in the past three years. One can say that the economic crisis at the subsidiary is over. “The output will increase, performance will improve, investment will grow,” stresses Oleksandr Gladushko, Acting Chairman of the Board of JSC UMCC. Next year, the company is planning to upgrade mining equipment and fully reconstruct factories of the open pit mines No. 8 and No. 7 following the example of modernization of capacities of the factory of the open pit mine No. 9, he says. The company has planned nearly UAH 113 million for these purposes.
As a reminder, JSC UMCC invested UAH 47.5 million into the renewal of the technological complex of the open pit mine No. 9. According to the calculations of specialists of the Irshansk subsidiary, the investment will return in 1.5 years.