Shareholders of Marganets Mining and Processing Works have replaced the supervisory board and changed its chairman. Thus, at the general meeting on April 12 held remotely, the shareholders suspended the office of Wolodymyr Hrytsenko (chairman), Mykhailo Radchenko, Maksym Kovtun, Serhiy Victorovskiy, Maya Chalkina, Heorhiy Trypilskiy and Ihor Yurchenko. Kovtun (as the representative of Fianex Holdings…
Humax Enterprise Limited (Cyprus), owning 23.893721% of Marganets Mining and Processing Works, has replaced two members of the supervisory board. In particular, Yevgeniy Bocharov and Ippolit Gorbunov have been recalled. In their stead Alina Kalinchuk and Maya Chalkina have been appointed. Bocharov and Gorbunov have been members of the supervisory board since May 20, 2021.…
In January-June, Marganets Mining and Processing Works increased net losses 4.3-fold YoY, to 42.164 million UAH. Net income dropped by 23.6%, to 1.138 billion UAH. Undistributed profit amounted to 568.849 million UAH. As of late June, MGOK has produced 249.464 thousand tons of enriched manganese ore and sold 192.6 thousand tons. (Ukrainian metal)
In January-March, Marganets Mining and Processing Works increased net losses 16.6-fold, to 159.87 million UAH. Net income grew 2.4-fold, to 865.275 million UAH. Undistributed profit amounted to 451.143 million UAH. Capital investments totaled 370.943 million UAH. (Ukrainian metal)
Maxiprom Group LLC has constructed a factory at Marganets Mining and Processing Works. The factory will process up to 5 million tons of manganese ore slag into 1 million tons of concentrate per year. The construction lasted for 2 years. (Ukrainian metal)
Shareholders of Marganets Mining and Processing Works could spend 9% of the net profit for 2018 in the amount of 163.2 million UAH to pay dividends. The decision will be taken at the next meeting scheduled for January 16, 2020. One of the suggestions is to transfer 5% of the profit (8.16 million UAH) to…
Privatbank has gained another victory in the claim against a guarantor in loan re-financing – this time Marganets Mining and Processing Works. The court proceedings started in 2017. On May 14 Privatbank won in a similar case against Pokrovsky GOK. (Ukrainian metal)
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)
