In 2023, Pokrov Mining and Processing Works increased net loss 13-fold YoY, to 624.049 million UAH. In 2022, loss amounted to 47.933 million UAH. In 2021, loss was 82.233 million UAH, in 20220 – 21.798 million UAH and in 2019 – 110.2 million UAH. In January-September 2023, the company increased net loss 4.8-fold YoY, to…
Profetis Enterprises Limited (Cyprus), owning 24.3% of Pokrov Mining and Processing Works’ shares, has replaced two members of the supervisory board. In particular, Nikolai Sarafanov and Dmitriy Arshinov have been recalled. In their stead Vladislav Golovko and Yekaterina Shtepa have been appointed. Sarafanov and Arshinov have been members of the supervisory board since June 21,…
Pokrov Mining and Processing Works has launched its Chkalovskaya processing factory after a 4-month delay. The factory operates unstably due to the low demand for manganese concentrate. The factory resumed operation on July 6. One of the main problems with the launch of the factory was the lack of personnel, as more than 20 men…
From July, Pokrov Mining and Processing Works intends to increase manufacturing capacities. According to the technical director Victor Bondarets, the company will launch the magnetic separation site No. 2 and the Chkalovskaya Processing Factory. These divisions are now being actively prepared for the launch. The blow up of Kakhovka Hydropower Plant by the Russian occupiers…
Pokrov Mining and Processing Works is carrying out a large-scale reconstruction of its mining machinery – the rotor excavator of the rotor complex No. 9 at the Chkalovsky quarry No. 2. The work started last autumn, after an accident that occurred in early 2018. The repair is carried out all the day long. The metal…
Pokrov Mining and Processing Works (ex-Ordzhonikidze GOK) from September 7 will transfer its accounts from the nationalized PrivatBank to the Credit Dnepr Bank. According to the company statement, the change of the bank has to do with PrivatBank being constantly under pressure lately, which could create risks for the GOK. “To prevent such a negative…
Pokrov Mining and Processing Works (previously – Ordzhonikidze GOK) has purchased a new JCB hydraulic excavator valued at 7.265 million UAH. A similar excavator was bought in February. The excavator with the ladle volume of 2.5 cubic meters will be operating at the ore loading, as well as construction works. As of today, the GOK…
