Ukraine: Ferrexpo to fire 40% of PGOK
Ferrexpo has decided to dismiss 40% of Poltava Mining and Processing Works employees.
Ferrexpo has decided to dismiss 40% of Poltava Mining and Processing Works employees.
In January-September Poltava Mining and Processing Works (PGOK) exported 8678 thousand tons of iron ore pellets.
In January-August Poltava Mining and Processing Works (PGOK) exported 7667 thousand tons of iron ore pellets.
Poltava Mining and Processing Works (PGOK) is on top of the CIS manufacturers and exported of iron ore pellets as of January-August with 7658 thousand tons.
In January-August Ferrexpo-controlled Poltava and Yeristovo Mining and Processing Works (PGOK and EGOK) produced 7.65 million tons of pellets, up by 5.1% YoY.
In the first half year of 2015 Ferrexpo-controlled Poltava Mining and Processing Works (PGOK) paid over 434 million UAH to the Ukrainian budgets as taxes and fees.
Poltava Mining and Processing Works (PGOK) plans to produce 11.54 million tons of iron ore pellets in 2015, up by 4.7%, or by 519 thousand tons, YoY.
ABB, the leading power and automation technology group, will deliver a low-speed, dual pinion ring-geared mill drive system (RMD) for the Poltava Mining and Processing Works (PGOK) in Komsomolsk. This delivery will help to increase capacity of the mine’s processing plant. With its maintenance-friendly design the RMD solution minimizes mechanical wear on ring-geared mills and…