Poltava Mining and Processing Works is interested in carrying its cargo between the city of Kremenchug and the port of Yuzhniy with the help of its own trains. According to the company commercial director Dmitry Spatar, the situation when Ukrzaliznytsia is not renewing trains threatens the transportation process. Companies can invest in trains in case…
Poltava Mining and Processing Works, a part of Ferrexpo, has invested 20 million UAH in the creation of a repair service of its own railroad wagons. The repair will be carried out by the daughter company Ferrotrans. “Last October we received a license to conduct repairs of our own wagons. We’ve been moving towards this…
Ferrexpo has not prolonged the license to operate at the Gorishne-Plavninskoye and Lavrikovskoye deposits. The licenses expire in July. The company expects the licenses to be prolonged automatically. “But if the licenses are revoked or not prolonged, we will not be able to produce pellets and deliver them to our customers”, the company said in…
In 2016 Poltava Mining and Processing Works received 3.2 billion UAH of profits, up by 19% YoY. According to the company statement, this has been achieved due to the increase in output of premium-quality pellets despite the volatility of iron ore raw materials prices on world markets. Last year PGOK paid 165.1 million of income…
In 2016 Poltava Mining and Processing Works received 32.15 million UAH of net losses, down from 5.9 billion UAH in 2015. The company current liabilities increased by 10.9% YoY, to 21.26 billion UAH, fixed liabilities dropped by 18.1%, to 841.89 million UAH, while accounts receivable went up by 11.1%, to 5.26 billion UAH. The company…
In January Poltava Mining and Processing Works, a part of Ferrexpo, exported 906.8 thousand tons of iron ore pellets. The products were shipped to Europe and the Near East, as well as Japan, China and Korea. At the same time Karelsky Okatysh exported 516 thousand tons of pellets, Lebedinsky GOK – 432 thousand tons, Mikhailovsky…
In 2016 Poltava Mining and Processing Works exported 11.416 million tons of iron ore pellets. Most pellets were exported to Europe and Near East, as well as Japan, China and Korea. Karelsky Okatysh (Russia) exported 4.941 million tons of pellets, Central GOK (Ukraine) – 2.21 million tons, Mikhailovsky GOK (Russia) – 2.161 million tons, and…
Poltava Mining and Processing Works is studying the possibility of the construction of the pulverized coal injection machine to stop using the expensive natural gas. PGOK representatives visited ArcelorMittal Kriviy Rih to get acquainted with the PCI machine, put into operation in 2016 at the blast furnace No. 9. In January-August 2016 PGOK decreased gas…