- Kryvbas
:"Kryvbas" "may also refer to the
FC Kryvbas Kryvyi Rih , the football team in Kryvyi Rih."Kryvbas ( _uk. Кривбас, full rarely-used name Kryvorizkyi Iron Ore Basin, _uk. Криворізький залізорудний басейн) is an important economic region in central
Ukraine , specializing iniron ore mining and thesteel industry . It is arguably the main iron ore region ofEastern Europe . Named after the city ofKryvyi Rih , the region occupies the southeastern part of theDnipropetrovsk Oblast , as well as a small neighbouring part of theKirovohrad Oblast .The region possesses major deposits of iron ore and some other metallurgical ores. To exploit them, several large mining companies were founded here in the middle of the 20th century. Most of them are located in Kryvyi Rih itself, which is the longest city in Europe.
Kryvorizhstal (located in Kryvyi Rih) is the largest and most up-to-date steel company in the region (as well as in the whole Ukraine), comprising not only ore facilities, but also a majorsteel mill (the only one in the city). Other ore companies supply their raw materials to either Kryvorizhstal or steel mills outside the region (particularly toDnipropetrovsk ).Steel companies of the region (except
Mittal Steel -owned Kryvorizhstal) are controlled by either thePrivat Group or the SCM. From the 1990s until 2004, these once united and state-owned industries went through a hard and scandal-ridden process ofprivatization .There is also a major mining and processing factory under construction in the neighboring city of
Dolynska (Kirovohrad Oblast). This advanced-technology project is co-funded by the governments of Ukraine,Romania andSlovakia .
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