The Metinvest Group, led by Rinat Akhmetov, is halting operations at the Pokrovsk coal group (Pokrovsk Mining Administration and Svyato-Varvarinskaya enrichment plant) due to the approaching front line, electricity shortages, and deteriorating security conditions.
This was reported by the press service of Metinvest.
"The safety of our employees is a priority for Metinvest, which is why the company has facilitated the evacuation of workers from the Pokrovsk coal group and their families. All employees who are not involved in the suspension of operations are given the opportunity to undergo paid retraining and find employment at Metinvest's assets in Zaporizhzhia, Kamianske, and Kryvyi Rih," the statement reads.
It is noted that evacuated employees receive financial assistance (relocation support, housing rent compensation), free accommodation in dormitories, as well as assistance for children (placement in kindergartens and schools).
According to reports, Metinvest's management has developed an action plan for emergencies to ensure the supply of necessary raw materials (coal, coke) for steel production at the Group's metallurgical assets (KAMETSTAL and the joint venture Zaporizhstal).
In particular, the plan includes substituting Ukrainian raw materials with coking coal from the American United Coal Company (part of the Metinvest Group), utilizing increased coal reserves, and ensuring additional supplies of coal and coke from third-party suppliers.
Background. Earlier, Mind reported that Ukraine halted the extraction of coking coal at its mine in Pokrovsk, which feeds the country's steel industry, due to the proximity of advancing Russian troops.