Ukraine’s YuGOK to up iron ore concentrate output by 12.5 percent in 2011

Ukraine's Yuzhny Iron Ore Enrichment Works (YuGOK) has announced that in 2011 it plans to increase its iron ore concentrate production by 12.5 percent year on year to 10.1 million mt.
 
Accordingly, following the implementation of its investment program for 2011, YuGOK's output of iron ore is planned to amount to 22 million mt. In 2011, YuGOK intends to invest a total of UAH 822.2 million (about $104 million) in development of its production.
 
In 2010, YuGOK increased its iron ore concentrate by 25.7 percent to 8.98 million mt, and upped its sinter production by 49.6 percent to 1.655 million mt, both compared to 2009.
 
The main shareholders of YuGOK are the companies Smart-Holding and Evraz Group.