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Ingulets GOK (Mining and Processing Plant)

Ingulets Mining and Processing Plant (Ingulets GOK) is the largest Ukrainian producer of 64% to 67% Fe concentrate. Ingulets GOK develops Ingulets ferruginous quartzite deposits. The company applies the cyclical flow technology of iron ore mining with the use of automobile & conveyor transport. The company’s iron ore reserves amount to 1.2 billion tons. Ingulets GOK is a part of Metinvest Holding.

Location: Kryvyi Rih, Dnipropetrovsk oblast, Ukraine
Shareholders: Metinvest Holding
Markets: Ukraine, Czech Republic, Slovakia
Products: Iron ore concentrate

Production capacity

Iron ore mining 1 open pit, 70,000 thousand tons of crude iron ore
Iron ore beneficiation 2 beneficiation plants, 14,500 thousand tons of iron ore concentrate

Staff and wages

Number of employees 4,940
Average wage* UAH 187,000 per annum

* per worker before taxes

Charts and tables

Production results, thousand tons

20000150001000050000
2012 13587 kt2012
2013 13567 kt2013
2014 13450 kt2014
2015 11614 kt2015
2016 11464 kt2016
2017 10266 kt2017
2018 10904 kt2018

Indicative sales structure by products in 2018

Indicative sales structure by markets in 2018

* structure of sales volumes, metric tons

Financial performance, $ million

 201320142015201620172018
Sales1294.0953.0435.3441.7590.6688
EBITDA814.2595.1167.0183.4334.5293
EBITDA margin62.9%62.4%38.4%41.5%56.6%42.6%
Net income589.182.0 -160.5 -2.7214.7185
Net income margin45.5%8.6% -36.9% -0.6%36.4%26.88%
CAPEX49.943.9 30.2 37.1 76.1100

Key facts

2019

Ingulets GOK in 2019 will increase the energy efficiency due to reduction of energy consumption and diesel fuel, as well as the cost of drilling and blasting services. Economic effect will rich about $10 mln pre year.

In 2017

Metinvest Holding (Central GOK, Northern GOK, Ingulets GOK) planned to buy 50 mining dump trucks from BELAZ by the end of 2020 as part of the equipment renewal program.

In 2017

Ingulets GOK invested in the purchase of 2 BELAZ dump trucks, a towing truck, a motor grader, 2 excavators, 2 rock drilling machines, and 10 Caterpillar dump trucks.

In 2017

Ingulets GOK invested in the purchase of 2 BELAZ dump trucks, a towing truck, a motor grader, 2 excavators, 2 rock drilling machines, and 10 Caterpillar dump trucks.

Sources: websites of the companies, media outlets