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 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…
In January-November Poltava Mining and Processing Works, a part of Ferrexpo, exported 10.2million tons of iron ore pellets. The products were shipped to Europe and the Near East, as well as Japan, Korea and China. In the same period Central GOK exported 2 million tons of pellets, with Karelsky okatysh exporting 4.439 million tons, Mikhaylovsky…
Ferrexpo AG (Switzerland) has accumulated 99.02% of Poltava Mining and Processing Works. Earlier the Ferrexpo stake amounted to 97.43% in the total number of shares and 39.12% in the voting shares. After the acquisition of shares Ferrexpo AG now has 99.02% in total shares and 40.71% in voting shares. (Ukrainian metal)
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-September Poltava Mining and Processing Works exported 8.41 million tons of iron ore pellets. According to the state enterprise Ukrpromvneshexpertisa, the company exported pellets to Europe and the Near East, as well as Japan, China and Korea. Central GOK exported 1.71 million tons of pellets. In January-September PGOK produced 8.32 million tons of iron…
