"United Mining and Chemical Company" | News | New areas to allow IMPP produce 700,000 tons of finished products

New areas to allow IMPP produce 700,000 tons of finished products
New areas to allow IMPP produce 700,000 tons of finished products

13.09.2017

Issued by the Cabinet of Ministers of Ukraine on August 30 licenses for the development of land management projects for the allocation of three land plots on the territory of Korosten and Khoroshiv counties in the Zhytomyr Oblast with a total area of ​​154 hectares open the possibility for Irshansk Mining and Processing Plant, a subsidiary of PJSC United Mining and Chemical Company, to start development of these areas on the territory of Turchynetskiy and Shershnevskiy forest areas.
“We expect the development of new sections of the Mezhdurechenske Deposit Field will allow us to additionally extract 19 million tons of titanium ores and produce more than 700,000 tons of ilmenite concentrate. This is a significant increase in the production of the subsidiary and confidence in the stable operation of the IMPP over the next few years,” comments Acting Chairman of the Board of PJSC UMCC Oleksandr Hladushko.
According to his forecasts, the subsidiary will be able to start development of 154 new hectares no earlier than 2019. After all, there is still preparation for ore processing. The subsidiary will have to conduct a significant amount of work on preparing the territories for production and transfer all required infrastructure to the site of stripping works.
The company waited for the licenses from the government for over 1.5 years. They open serious production prospects for the subsidiary, IMPP Director Viktor Sivchenko said. Development of these areas will provide the load of production and secure the plant against idle time, he confirmed. After all, according to preliminary calculations, about 700,000 tons of ilmenite concentrate is almost three-year production rate at the current load of the processing factories of the subsidiary.
Obtaining licenses for project development is extremely important for the company. The fact is that the existing areas under processing by the subsidiary will last for a short time. Three working open-pit mines now have a life until 2017-2026. This year, open-pit mine No.7 has already switched to secondary processing of industrial products and has low output indicators of useful products. Open-pit mine No.  9 will exhaust its resource in 2018. Therefore, it will leave the subsidiary only with one operating open-pit mine - No. 8. This is too little for the development of production.
IMPP plans to involve the existing equipment and machinery for the development of these areas as well as factories producing rough concentrate of open-pit mines No. 7,8,9 for the enrichment of titanium ores from new areas, Viktor Sivchenko informed. The subsidiary will also compensate the state for damages from the cut down forest areas in the amount of about UAH 200 million.
“The prospects of a mining business are estimated based on the availability of production reserves. Without these reserves, the production is simply doomed. The company takes every effort to ensure production future for its plants. UMCC employees must feel hopeful and confident in their future. And it is about having a front of stripping, mining and processing works. So we are working on increasing them,” tells Oleksandr Hladushko.