Kryvyi Rih Metropolitan Region
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Kryvyi Rih Metropolitan Region
The Kryvyi Rih Metropolitan Region, or Kryvbas, is an urban area in central Ukraine (by the most part). With a population of one million, it is one of the largest urban regions in Ukraine. It consists of a couple big industrial cities and some smaller ones, townsides and rural areas. From east to west, the region includes the cities of Kryvyi Rih, Zhovti Vody, Oleksandriia, Novyi Buh as well as parts of the more rural districts and (factually) includes far more territories in central and southern parts of Ukraine. The Kryvyi Rih metro area doesn't have an administrative center; each city in the area has its own administration. History The presence of iron ore in the regions around Kryvyi Rih has been known since at least 1781 and was rumoured before; being known to the ancients. Throughout the 1800s the region was investigated for its mineral wealth. Iron ore of 70% iron content and manganese ores were found. In 1881 the industrial extraction of iron ore from the near region ...
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Supreme Soviet Of The National Economy
Supreme Board of the National Economy, Superior Board of the People's Economy, (Высший совет народного хозяйства, ВСНХ, ''Vysshiy sovet narodnogo khozyaystva'', VSNKh) was the superior state institution for management of the economy of the RSFSR and later of the Soviet Union. There were two institutions with this name, at different times, 1917–1932 and 1963–1965. 1917–1932 The VSNKh of the first period was the supreme organ of the management of the economy, mainly of the industry. Foundation The VSNKh was launched on December 5, 1917 through a decree of the Council of People's Commissars (Sovnarkom) and All-Russian Central Executive Committee of Soviets of the Russian Socialist Federative Soviet Republic.Alec Nove, ''An Economic History of the USSR.'' New Edition. London: Penguin Books, 1989; pg. 42. Its stated purpose was to "plan for the organization of the economic life of the country and the financial resources of the government". It was ...
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Central Iron Ore Enrichment Works
Central Iron Ore Enrichment Works (CGOK) specializes in processing and production of raw materials for the steel industry, merchant concentrate with an average Fe content of 65.0% to 68.2% and pellets with an average Fe content of 63.9%. It is the only mine in Ukraine, that simultaneously uses open-pit quartzite fields and underground mining. Background Central GOK was established in 1961 in Kryvyi Rih. Central GOK mines Hleyevatskyi, Petrovskyi and Artyomovskyi open-pit quartzite fields, and from Ordzhonikidze underground mine. Industrial quartzite resources are 51, 146, 159 and 106 million tons respectively. Along with three quarries and mine, the works consist of three plants (crushing, concentrate and pellets), and one auxiliary plant, serving the main production. The company employs nearly 8,500 people. Northern GOK is included in the Iron Ore Division of Metinvest Holding LLC, which is a component of the System Capital Management System Capital Management or SCM ...
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Ingulets Iron Ore Enrichment Works
Ingulets Iron Ore dressing Works (Ingulets GOK) is a mining and processing plant which produces metallurgical products. The company is based in Kryvy Rih, Ukraine. Ingulets GOK sources iron ore from the deposits of ferruginous (iron oxide-containing) quartzite at the Inhulets deposit. Ingulets is a Russian romanization of Ukrainian name Inhulets (see Ge (Cyrillic)). History * 1965 is considered the year of establishment of GOK, when the first merchant iron ore concentrate was produced. * 1978 the peak output was recorded in GOK over its history, 14 587 Ktonnes of concentrate produced * 2001 - the billionth tonne of concentrate produced * 2007 - Ingulets GOK was acquired by Metinvest Production GOK currently mines iron ore from its one open-pit quartzite field through a process of drilling and blasting, and by the removal of overburden to external dumps. The iron ore is then transported by rail to, and refined at, Ingulets GOK’s beneficiation and flotation facilities. The Comp ...
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Northern Iron Ore Enrichment Works
Northern Iron Ore dressing Works (Northern GZK) ( uk, Північний гірничо-збагачувальний комбінат; russian: Северный горно-обогатительный комбинат) was built and launched in Kryvyi Rih in 1963 and is one of several iron ore dressing complexes around Kryvyi Rih. Along with Ingulets Iron Ore dressing Works and Central Iron Ore Enrichment Works, it belongs to Ukrainian holding company Metinvest. Description The territory of the complex was selected back in 1953 on orders of the Soviet Ministry of Ferrous Metallurgy. In 1958 there was adopted resolution of the Central Committee of the Communist Party of the Soviet Union and the Council of Ministers of the Soviet Union on construction of the complex. In 1963 the complex ore-dressing factory provided its first ore concentrate. The complex was honored with the Lenin's Komsomol of Ukraine. It became a key enterprise of the Soviet Military Industrial Complex. It is one ...
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Metinvest
Metinvest is an international group of steel and mining companies that owns operations in Ukraine, Italy, Bulgaria, the UK and the US, mines ore and coal, produces coke, smelts steel and produces rolled products, pipes and other steel products. The group's assets are managed by Metinvest Holding LLC.Colossi With Feet of Clay
(22 February 2013)


Company today

In 2021, Metinvest topped ranking of Ukraine's largest private companies. It is Ukraine's largest producer of iron ore and steel. In 2021, the World Steel Association ranked the group 4 ...
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ArcelorMittal
ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 88 million metric tonnes . It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. It employs directly and indirectly 200,000 people and its market capital is $25 billion. The total value of company assets is estimated to be around $100 billion. Products and activities The company is involved in research and development, mining, and steel. ArcelorMittal in 2016 produced around 90 million tons of steel. As of May 2017, the company made 200 unique steel grades for automotive purposes, half of which were introduced since 2007. Among the steel varieties are Usibor 2000, which the company announced in June 2016 and released later th ...
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SCM Holdings
System Capital Management or SCM ( uk, Систем Кепітал Менеджмент) is a major Ukrainian financial and industrial holding company established in 2000 in Donetsk in the east of the country and since 2014 headquartered in Kyiv. The business is controlled by Ukrainian businessman Rinat Akhmetov, who owns 100% of the company shares. In 2011, the group had revenues of around $19.5 billion and assets worth over $28.4 billion. SCM was set up in 2000. It includes over 100 businesses in metals and mining, power generation, banking and insurance, telecommunications, media and real estate as well as in some other spheres. The total number of employees at SCM enterprises is about 200,000 people. The Group is audited by PricewaterhouseCoopers. As of May 2022, SCM (dba SCM Consulting Ltd) has been represented in the United States by the Washington, D.C. based public relations firm Qorvis LLC. Structure The biggest company in the SCM Group is Metinvest inv ...
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Rinat Akhmetov
Rinat Leonidovych Akhmetov, ; russian: Ринат Леонидович Ахметов, ; tt-Cyrl, Ринат Леонид улы Әхмәтов, translit=Rinat Leonid uly Äkhmätov (born on 21 September 1966) is a Ukrainian billionaire and businessman. He is the founder and president of System Capital Management (SCM), and ranked as the wealthiest man in Ukraine. As of June 2022, he was listed as the 607th richest person in the world with an estimated net worth of US$11.54 billion. Akhmetov is the owner and president of the Ukrainian football club Shakhtar Donetsk. From 2006–2007 and 2007–2012, Akhmetov was a member of the Ukrainian Verkhovna Rada (parliament) for the Party of Regions. Early life Rinat Akhmetov was born in Donetsk, Ukrainian SSR, to a working-class family. He is an ethnic Volga Tatar and a practicing Sunni Muslim. His father, Leonid Akhmetov was a coal-miner and his mother, Nyakiya Nasredinovna, was a shop assistant. Akhmetov had an older brother, Igor, ...
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Privat Group
The Privat Group, or PrivatBank Group ( uk, Група «Приват», Romanization of Ukrainian, romanized: ''Hrupa "Pryvat"'') is a Multinational corporation, global business group, based in Ukraine. Privat Group controls thousands of companies of virtually every industry in Ukraine, the European Union, Georgia (country), Georgia, Ghana, Russia, the United States and other countries. steel industry, Steel, Petroleum industry, oil & Natural gas, gas, chemical industry, chemical and energy industry, energy are sectors of the group's prime influence and expertise. None of the group's capital is publicly traded on any stock exchange. The business group was grouped around PrivatBank. On 18 December 2016 this bank was nationalized by the government of Ukraine, taking 100% ownership. The group is controlled by the billionaire businessmen Henadiy Boholyubov, Hennadiy Boholyubov, Oleksiy Martynov, and Ihor Kolomoyskyi (the latter is the richest and leading partner that is best known to t ...
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Mittal Steel Company
Mittal Steel Company N.V. was an Indian company and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal. History Mittal Steel Company was formed as Ispat International in 1978. At the time it was part of the Indian Steel company Ispat Industries which had been founded by Lakshmi Mittal's father in 1984. It was owned by the Mittal family, but in 1995 Ispat International separated from Ispat Industires after various disagreements between Lakshmi and his father. In 1989, the company acquired Iron & Steel Company of Trinidad & Tobago. In 1992, the company acquired Sibalsa. In 1994, the company acquired Sidbec-Dosco. In 1995, the company acquired Hamburger Stahlwerke, which formed Ispat International Ltd. and Ispat Shipping, and also bought Karmet Steel of Temirtau, Kazakhstan. Between 1996 and 1997, the company acquired Irish Steel Limited, Walzdraht Hochfeld GmbH and Stahlwerk Ruhrort. In 1997, the company wen ...
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