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.
PrJSC “Marganets Mining and Processing Plant” (MGOK, Dnipropetrovsk region), following the results of work in 2022, reduced the production of manganese concentrate by 41.2% compared to the previous year – to 324 thousand tons.
According to the information of the enterprise, MGOK, like other mining and metallurgical enterprises of Ukraine, has been going through difficult times for more than 10 months. Due to the outbreak of a full-scale war, many enterprises could not operate at full capacity, and some stopped their activities.
At the same time, already in March, a difficult situation developed at MGOK: almost all production plans were adjusted, since many employees of the plant, especially longwall miners, were drafted into the ranks of the Armed Forces of Ukraine.
“However, having more or less stabilized its work, having developed the necessary production plans and actions for their implementation, MGOK continued its mining activities, and it completed 2022 quite successfully,” the company’s information states.
At the same time, it is noted that the main indicator of the successful activity of MGOK is the work of the Grushevskaya enrichment plant (GOF), which produces manganese concentrate – the main source of profit for the enterprise. However, due to the active conduct of hostilities and a number of other reasons, since October 2022, the GOF has accepted raw manganese ore mined by the mines and the quarry of the plant, only for storage. During the last period of last year, specialized repair teams were engaged in the repair of equipment and equipment of the factory.
“In this regard, the “minus” from the total production of concentrates amounted to 2.8 thousand tons – in total in 2022, a little more than 324 thousand tons of concentrate (99.1%) were produced, and from the additional production, the plant worked with a “plus” in 32 tons – in total, 732 tons of concentrate (104.6%) were withdrawn from the enrichment tailings,” the company says.
According to the company’s data, MGOK worked with a “plus” of 31.45 thousand tons in the treatment of raw manganese ore, having extracted 894.5 thousand tons of ore through the joint efforts of the shops, with an adjusted plan of 863 thousand tons. Thus, all mines and the Grushevsky quarry fulfilled their annual plans for the extraction of raw manganese ore.
Thus, mine No. 3/5, with a plan for 2022 for the extraction of ore in the amount of 73 thousand tons, despite the somewhat unstable operation of the shop and the work of only one cleaning team, exceeded the target by 2.7 thousand tons. Tunneling work was not carried out by this underground mining shop during 2022, since the tunneling team was transferred earlier than planned to excavate mine workings at mine No. 14/15.
Mine 9/10 achieved its planned volumes for the extraction of raw manganese ore for 2022 by 102.7% – in total, just over 309 thousand tons of ore were mined.
The cleaning team of mine No. 14/15 for 2022 mined 233.5 thousand tons of raw ore, against the planned 226.9 thousand tons.
Grushevsky quarry, with a plan for ore extraction of 273.3 thousand tons, produced 286.598 thousand tons.
As reported, MGOK produced 551.43 thousand tons of concentrate in 2021 (at the level of 2020).
MGOK develops the eastern part of the Nikopol manganese ore deposit (Grushevsko-Basansky site). The plant, in particular, includes four operating mines, including one under construction, one quarry – Grushevsky, and a processing plant.
According to the company at the end of June 2022, the largest shareholders of PrJSC are Couttenmax Holdings Limited, Mosfilia Investments Limited and Humax Enterprises Limited, each owning 23.89% of PrJSC each, as well as Fianex Holdings Limited (all Cyprus), which owns 24% shares.
The authorized capital of PJSC “MGOK” is UAH 366.625 million, the par value of the share is UAH 0.25.
Ukrainian ferroalloy enterprises reduced output by 23.6% in January-June of the current year compared to the same period last year, to 317,080 tonnes.
As the Ukrainian Association of Producers of Ferroalloys and Other Electrometallurgical Products told Interfax-Ukraine, in January-June, production of silicon manganese decreased by 12.9%, to 279,940 tonnes, and ferromanganese by 63.9%, to 18,520 tonnes.
In addition, production of ferrosilicon (in terms of 45%) decreased by 57.4%, to 16,620 tonnes, and metallic manganese by 49.7%, to 1,520 tonnes.
Pokrov (previously Ordzhonikidze) and Marhanets Mining and Processing Plants (both located in Dnipropetrovsk region) which extract and concentrate manganese ore, over months of 2022, produced a total of 639,600 tonnes of manganese concentrate, which is 21.3% lower compared to six months of 2021. At the same time, Marhanets Mining produced 251,980 tonnes of concentrate (a decrease of 2.9%), and Pokrov Mining – 387,620 tonnes (29.9% less).
Pokrov Mining also produced 29,550 tonnes of iron ore sinter for six months (80.7% less compared to January-June 2021), supplying it to Dniprovsky Metallurgical Plant (DMZ), part of DCH Steel from DCH Group of businessman Oleksandr Yaroslavsky. In March-June, the plant did not produce iron ore sinter, as DMZ suspended production of metal products.
