In 2018 Marganets Mining and Processing Works received 163.2 million UAH of net profit, down 5-fold YoY. EBITDA decreased 4.9-fold, to 203.387 million UAH. Last year MGOK received 3.109 billion UAH of net profit, down by 15%. Undistributed profit totaled 698.543 million UAH. (Ukrainian metal)
In 2017 Marganets Mining and Processing Works received 811.254 million UAH of net profit, as opposed to 882.735 million UAH of net losses in 2016. Undistributed profit last year totaled 575.906 million UAH. The company current liabilities decreased by 14.4%, to 1142.244 million UAH, and fixed liabilities – by 36.7%, to 353.212 million UAH. At…
The Pechersk district court of Kiev has arrested the assets of the largest ferroalloy producer Nikopol Ferroalloy Plant, Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works under the Privatbank embezzlement case. The General Prosecutor’s Office is investigating the embezzlement of 19 billion UAH provided to Privatbank in 2008-2016 by the National Bank…
In 2016 Marganets Mining and Processing Works received 535.28 million UAH of losses as opposed to 6.7 million UAH of profit in 2015. According to the company statement, its net income decreased 2.7-fold YoY, or by 1.17 billion UAH, to 676.39 million UAH. In 2015 MGOK received 6.7million UAH of net profits, up by 1.17…
Shareholder meetings of Nikopol Ferroalloy Plant, Zaporozhye Ferro Alloys Plant, Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works, scheduled for early June, were not held. ZZF meeting was to take place on June 7, while that of NZF – on June 10. The supervisory boards of both companies will name the day…
Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works resumed their operation. According to the executive director of Association of Ukrainian Ferroalloy Producers Sergey Kudryavtsev, the operation of the companies stopped in December 2015. In March OGOK produced 7.2 thousand tons of manganese concentrate, while MGOK output totaled 46.4 thousand tons. (Ukrainian metal)
In 2015 Marganets Mining and Processing Works received 6.69 million UAH of net profits, up by 21.19% YoY, or by 1.17 million UAH. Net income went up 3.6 times YoY, or by 1.33 billion UAH, to 1.84 billion UAH, the company reported. This year MGOK intends to mine 484 thousand tons of beneficated manganese ore…
Marganets and Ordzhonikidze Mining and Processing Works have been idle since the year start. This is explained by the drastic fall of manganese concentrate and sinter demand fall – the works simply cannot sell their products.