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…
Shareholders of Ordzhonikidze Mining and Processing Works decided to change the name of the company. At the first in three years meeting they renamed the company Pokrov Mining and Processing Works. They have also approved of the reports, reelected the supervisory board, revision commission and the board. In 2013 OGOK received the net loss of…
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…
In 2015 Ordzhonikidze Mining and Processing Works received 3.59 million UAH of net profits, up by 38% YoY, or by 992 thousand UAH. According to the company statement, its net income went up by 17.97% YoY, or by 180.67 million UAH, to 1.18 billion UAH. This year OGOK plans to produce 947.6 thousand tons of…
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)
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.
In 2014 Ordzhonikidze Mining and Processing Works (Dniepropetrovsk region) received 2.88 million UAH of profits.
In January-March Ordzhonikidze and Marganets Mining and Processing Works (OGOK and MGOK respectively), that mine and process manganese ore, increased their total output of manganese concentrate by 11.4%, to 183.3 thousand tons, YoY. OGOK didn’t work in January-February 2013 and 2014, while MGOK was idle in December 2013 and February 2014. In three months MGOK…