PJSC Marganets Mining and Processing Plant (MGZ, Dnipropetrovsk region) is purchasing ferroalloys worth a total of UAH 179.823 million from PJSC Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region).
According to MGOK’s disclosure in the National Securities and Stock Market Commission’s information disclosure system, the decision to enter into or further approve a significant transaction with an interest was made by the company’s supervisory board at its meeting on August 6, 2025.
“Subject of the transaction: acquisition by MGZK in May-July 2025 from NZF of 3,279.32 tons of ferroalloys for a total amount of UAH 179 million 823.583 thousand, including VAT,” the report states.
In June of this year, it was reported that MGZK would supply NZF with manganese ore worth a total of UAH 422 million, according to a decision made by the company’s supervisory board at its meeting on June 13, 2025. At that time, it was noted that in order to carry out its economic activities, MGZK undertakes to supply, and NZF undertakes to pay for and accept enriched manganese ore with a reduced phosphorus content, in the assortment, quality, and quantity in accordance with the specifications.
The total value of the contract consisted of the sum of all specifications: the total cost of the work is 421 million 961.9 thousand UAH, namely, supply contracts No. 145R/2402631 dated December 25, 2024, No. 147R/2500265 dated January 29, 2025, No. 148R/2500832 dated March 27, 2025, concluded between MGZK and NZF for the amount of UAH 266 million 971.7 thousand, and the management of PJSC was allowed to conclude a supply contract for a total amount of UAH 154.99 million.
As reported, the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and the Marganetsky Mining and Processing Plant (MGZK, both – Dnipropetrovsk region), which are part of the Privat group, stopped mining and processing raw manganese ore at the end of October – beginning of November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.
MGZK is developing the eastern part of the Nikopol manganese ore deposit (Hrushevsko-Basanska section). The plant includes four mines, one of which is under construction, one open pit mine (Hrushevsky), and an enrichment plant.
According to the NDU for the first quarter of 2025, the largest shareholders of PJSC are Couttenmax Holdings Limited, Mosfilia Investments Limited, and Humax Enterprises Limited, each owning 23.8933% of PJSC shares, as well as Fianex Holdings Limited (all based in Cyprus), which owns 24% of shares.
The authorized capital of PJSC MGZK is UAH 366.625 million, with a par value of UAH 0.25 per share.
