Pokrovske Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining, Dnipro region) reduced its manganese concentrate output by 44.3% year-on-year in 2022, to 674.8 thousand tons from 1.212 million tons.
According to the company’s annual report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), in 2022 the company also produced 33.3 thousand tons of manganese sinter and did not produce iron ore sinter, while in 2021 it produced 258.8 thousand tons of iron ore sinter in addition to 1.212 million tons of manganese concentrate.
In 2022, the company reported a net loss of UAH 47.933 million (UAH 83.233 million in 2021) and net income of UAH 1 billion 489.140 million (UAH 3 billion 164.164 million).
Retained earnings at the end of 2022 amounted to UAH 1 billion 355.599 million.
PGOK is Ukraine’s largest open-pit manganese ore producer.
According to the third quarter of 2023, four companies – Profetis Enterprises Limited, Exseed Investmens Limited, Clemente Enterprises Limited and Alexton Holdings Limited (all Cyprus) – own 24.3024% of the company’s shares.
The authorized capital of the company amounts to UAH 736.134 million, with a share par value of UAH 0.25.
