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.
Staff and wages
* per worker before taxes
Charts and tables
Production results, thousand tons
Indicative sales structure by products in 2018
Indicative sales structure by markets in 2018
* structure of sales volumes, metric tons
Financial performance, $ million
|Net income margin||27.7%||12.3%||10.5%||31.2%||25.2%||19.87%|
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.)
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.
Sources: websites of the companies, media outlets