Announcement of Competition Participation

Kryvbas Ecotechnologies LLC announces the submission of an application for participation in the innovative ecological mining projects competition with the project “Green Mining of Ore in Open Pits.”

Key Parameters of the Submitted Application

Project name: “Green Mining of Ore in Open Pits”

Competition category: Ecological Innovations in Mining Industry

Submission status: The application has been submitted in full with all necessary attachments and supporting documentation

Application submission date: April 22, 2025

Main Innovative Components of the Presented Project

As part of the competition application, the following has been presented:

1. Technology using the patented humate reagent in accordance with technical specifications TU U 20.5-43384697-001:2020
2. Method of internal and external hydraulic stemming during mass blasting operations in quarries
3. Confirmed efficiency indicators:
   • Dust suppression up to 50.5%
   • Carbon monoxide emissions reduction up to 63.9%
   • Nitrogen oxide emissions reduction up to 67.9%

Research Base of the Project

The application includes the results of years of research conducted in collaboration with:

• Mining Research Institute
• Research Institute of Labor Safety and Ecology in Mining and Metallurgical Industry

Copies of publications in international scientific journals indexed in Scopus and Web of Science have been attached to the application.

Financial and Economic Indicators of the Project

The competition application presents a detailed financial and economic justification:

• Total project budget: $2.5 million
• Required external financing: $2 million
• Net Present Value (NPV): $7.66 million
• Internal Rate of Return (IRR): 60%
• Discounted Payback Period: 1.97 years

Expected Socio-Economic Effect

The project submitted for the competition envisions:

• Creation of 50 new jobs
• Annual tax contributions: $0.45 million
• Significant improvement of the environmental situation in mining areas

Current Application Review Status

Currently, the application has been accepted for review by the competition committee. It is expected that the results of the first selection stage will be announced within the next 30 calendar days.

Contact Information

For additional information regarding Kryvbas Ecotechnologies LLC’s participation in the competition, please visit the company’s official website: https://ket-kr.com

Industrial trials of the technology were conducted between 2019-2023 in the quarries of companies including “ArcelorMittal Kryvyi Rih,” and the Central, Northern, Southern, and Inhuletskyi Mining and Processing Plants of the Metinvest Group, as well as “Rudomine” LLC and “Ukrainian Mining Company.” Under the Agreement between PJSC “ArcelorMittal Kryvyi Rih” and the Research Institute for Occupational Safety and Ecology (Contract No.212 dated 04.02.2021), positive results and recommendations were obtained regarding the implementation of decarbonization technologies and dust suppression from non-stationary sources of pollutant emissions.
We are confident that our collaboration will be mutually beneficial in the context of implementing tasks to achieve the European Green Deal objectives, specifically in developing standardized protocols for the application of decarbonization and dust suppression technologies during mass explosions in quarries, as well as developing methodological recommendations, regulatory documents, and EU standard projects within the project work packages.

A story by TV Rudana company about the implementation of our technology in the extraction of ore at the Northern Mining and Processing Plant of the Metinvest Group: https://youtu.be/rhzU70ns7rM?si=jMnAQbb4H8mn0UDo