Northern Mining and Processing Plant (Pivdennyi GOK, Kryvyi Rih, Dnipro Oblast), a part of Metinvest Group, posted a net profit of UAH 681.867 million in January-September 2023, compared to a net loss of UAH 2 billion 227.488 million in the same period of 2022.
According to the interim report of the company, which is owned by Interfax-Ukraine, net income for the period increased by 8.8% to UAH 14 billion 27.599 million.
Retained earnings as of the end of September 2023 amounted to UAH 10 billion 727.921 million.
In 9M2023, Northern Mining produced 1 million 414.95 thousand tons of concentrate and 2 million 233.98 thousand tons of pellets.
The company ended 2022 with a net loss of UAH 2 billion 972.333 million, while in 2021 it made a net profit of UAH 25 billion 293.042 million.
In 2022, Northern GOK produced 2 million 144.23 thousand tons of concentrate and 1 million 525.01 thousand tons of pellets. In 2022, the plant’s supplies to the Ukrainian market amounted to 3.957 million tons, compared to 12.612 million tons in 2021. The share of sales of commercial concentrate to the domestic market in physical terms amounted to 51%, which is 37% less than in 2021. The company exported 2.092 million tons of iron ore concentrate and pellets.
The plant specializes in the extraction, processing and production of iron ore.
According to the third quarter of 2023, Metinvest B. V. owns 100% of the shares in Northern Mining.
Northern GOK is part of Metinvest Group, whose main shareholders are System Capital Management (SCM, Donetsk) (71.24%) and Smart Holding Group (23.76%). Metinvest Holding LLC is the management company of Metinvest Group.
The authorized capital of Yenakiieve Mining is UAH 579.707 million.
