Central GOK (Mining and Processing Plant)
Central Mining and Processing Plant (Central GOK) produces 67.5% and 68.2% Fe concentrate and 65% Fe pellets. The company has three open pits and a mine, i.e. uses both open-pit and underground mining methods. It exports almost all of its production volumes. Central GOK’s total reserves of magnetite quartzite are estimated at 463 million tons of. Central GOK is a part of Metinvest Holding.
Production capacity
Staff and wages
* per worker before taxes
Charts and tables
Production results, thousand tons
Indicative sales structure by products in 2020*
Indicative sales structure by markets in 2020*
* structure of sales volumes, metric tons
Financial performance, $ million
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 709.1 | 527.1 | 299.6 | 277.4 | 403.3 | 417 | 467 | 461 |
| EBITDA | 332.2 | 263.2 | 79.2 | 124.8 | 168.6 | 139 | 98 | 186 |
| EBITDA margin | 46.8% | 49.9% | 26.4% | 45.0% | 41.8% | 33.39% | 21.0% | 40.2% |
| Net income | 196.5 | 64.8 | 31.6 | 86.6 | 101.8 | 83 | 57 | 59 |
| Net income margin | 27.7% | 12.3% | 10.5% | 31.2% | 25.2% | 19.87% | 12.2% | 12.9% |
| CAPEX | 55.5 | 7.2 | 12.2 | 36.2 | 41.9 | 95 | 120 | 67 |
Key facts
In 2017
Central GOK completed reconstruction of the iron-ore pelletizing plant, that enabled the company to launch production of premium pellets of uniform size and increased strength. This type of products has higher marginality, and offers the opportunity to expand markets and effectively compete with leading market players.
In 2018
Central GOK expanded its markets — the company delivered a trial batch of 40 thousand tons of iron ore pellets to UK’s Tata Steel plant.)
In 2019
2020
Central GOK has invested over ₴106 million in modernization of three excavators at Gleevatskyi and Artemivskyi quarries.
Central GOK completed a project to upgrade the beneficiation plant. This will make it possible for the plant to further beneficiate conventional concentrate to get a 70.5% Fe product. This product is needed for production of DRI pellets.
Central GOK was the first in Ukraine to equip the iron ore beneficiation plant with KDF-90 ceramic filters. Investment is estimated at $5 million. The installation of new vacuum filters is part of the company’s large-scale project for DRI pellet production.
2020
Central GOK launched production of Fe70.5% iron ore concentrate
Central GOK invested over $11 million in upgrading of mining equipment
Data source for sections “Production results”, “Sales structure”, “Financial performance”: GMK Center calculations, based on companies`annual reports and web-sites data, media sources
12 July 2022
25 November 2021
03 November 2021
05 October 2021
28 September 2021
14 September 2021
30 July 2021
01 June 2021
07 May 2021
31 March 2021