The Ukrainian steelmaker
Ilyich Iron and Steel Works of Mariupol (
Ilyich) has acquired Mezhinskaya mine, which is located in the Lugansk region of
Ukraine.
Market experts believe that the mine, which has a large reserve of
coking coal with low sulfur content, has a good potential but requires at least $15-20 million in
investments.
It is expected that after modernization the mine's
coking coal daily
production capacity will increase from the current 500 metric tons to 1,000 metric tons.
The acquisition of the Mezhinskaya mine moves
Ilyich closer to being self-sufficient in
coking coal.