Business news from Ukraine

PGOK EXPORTS NEARLY 11.5 MLN TONNES OF PELLETS IN 2015, REMAINS LEADER AMONG GOKS IN CIS – UKRPROMZOVNISHEKSPERTYZA

27 January , 2016  

KYIV. Jan 27 (Interfax-Ukraine) – Poltava Mining and Processing Plant (Poltava GOK, Komsomolsk, Poltava region), controlled by British Ferrexpo Plc, in 2015 exported 11.494 million tonnes of pellets to Europe and the Middle East, as well as Japan and China, retaining the first place in terms of production and exports of these goods among similar enterprises in the CIS countries.

According to a press release from the company, such data were released by state enterprise Ukrpromzovnishekspertyza.

According to the document, in 2015, in particular, Pivnichny GOK (Ukraine) exported 3.314 million tonnes of pellets, Karelsky Okatysh (the Russian Federation) 3.373 million tonnes, Central GOK (Ukraine) 1.931 million tonnes, Lebedinsky GOK (Russia) 1.790 million tonnes.

Production of iron ore pellets by mining enterprises in 2015 amounted to 11.662 million tonnes at PGOK, Mikhailovsky GOK (the Russian Federation) produced 10.943 million tonnes, Karelsky Okatysh 10.612 million tonnes, Pivnichny GOK 7.690 million tonnes, Kachkanarsky GOK (the Russian Federation) 6.510 million tonnes.

Poltava GOK is the main asset of British-based Ferrexpo Plc mining company listed on the London Stock Exchange: it owns 100% of shares in Ferrexpo AG, which, in turn, holds a 97.34% stake in Poltava GOK, 100% in Yerystove GOK and 99.9% in Belanovsky GOK.