Konstantin Zhevago has left the supervisory board of Poltava Mining and Processing Works, the largest iron ore pellets producer in Ukraine. According to the company statement, Zhevago resigned on October 19. His office ended on November 3. He has been in the supervisory board for 20 years, but directly owns no PGOK shares. (Ukrainian metal)
In January-August Poltava Mining and Processing Works exported 7.68 million tons of iron ore pellets. PGOK pellets mostly went to Europe and Near East, as well as Japan, Korea and China. Central Mining and Processing Works exported 1.41 million tons of pellets. At the same time PGOK produced 7.52 million tons of iron ore pellets,…
In January-August Poltava Mining and Processing Works consumed 98.9 million cubic meters of gas, down by 22% YoY. According to the company statement, the decrease was the result of the move from the gas to the sunflower seed husks. On August 1, all the lines in the pellet shop switched to this fuel. In 8…
Poltava Mining and Processing Works has been granted the right to trade in its shares. The decision to prohibit deals with PGOK shares was taken on November 11, 2014. The last trade at Ukrainian Stock Exchange was carried out on November 14, 2014, with share price going up by 2.65%, to 16.48 UAH. PGOK was…
In January-June Poltava Mining and Processing Works exported 5.74 million tons of iron ore pellets. Products went mostly to Europe and Near East countries, as well as to Japan, China and Korea. Central GOK exported 1.1 million tons of pellets. In H1 2016 PGOK produced 5.72 million tons of iron ore pellets, with CGOK producing…
Poltava Mining and Processing Works has decreased gas consumption by 33%, or by 5 million cubic meters, to 10 million cubic meters. According to the company chairman Victor Lotous, PGOK used sunflower seed husks instead of gas to make pellets. This allows the company to save some 50-60 million UAH annually. (Ukrainian metal)
Poltava Mining and Processing Works believes that Germany, Austria, South Korea and Japan are its priority sales markets. According to the company chairman Victor Lotous, it plans to sell 65% Fe content pellets there. Last year PGOK exported 11494 thousand tons of iron ore pellets. (Ukrainian metal)
Poltava Mining and Processing Works plans to invest some $50 million into development. In 2015 the company had to stop its investment program as to the capacity increase, with the cost of maintenance projects being $50 million. This year PGOK intends to keep its investments on the level of 2015. (Ukrainian metal)
