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.
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 | 1294.0 | 953.0 | 435.3 | 441.7 | 590.6 | 688 | 778 | 711 |
| EBITDA | 814.2 | 595.1 | 167.0 | 183.4 | 334.5 | 293 | 309 | 302 |
| EBITDA margin | 62.9% | 62.4% | 38.4% | 41.5% | 56.6% | 42.6% | 39.7% | 42.5% |
| Net income | 589.1 | 82.0 | -160.5 | -2.7 | 214.7 | 185 | 235 | 56 |
| Net income margin | 45.5% | 8.6% | -36.9% | -0.6% | 36.4% | 26.88% | 30.2% | 7.8% |
| CAPEX | 49.9 | 43.9 | 30.2 | 37.1 | 76.1 | 100 | 93 | 78 |
Key facts
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.
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.
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.
2019
Ingulets GOK announced its intention to produce talc schists from its own waste. Produced schists will be sold without additional processing. In this way the plant intends to ensure the rational use of natural resources, reduce the storage volume of overburden, and clear an area of 2.68 hectares in dumps.
Ingulets GOK invested ₴32 million in the purchase of a new crushing machine for the ore beneficiation plant No. 1. The new crushing machine allows producing ultrafine ore fractions. Its capacity is 1.6 times higher, and energy consumption per ton of ore is 20% lower than that of most crushing machines operating at Ingulets GOK.
Ingulets GOK invested ₴3 million in the modernization of the ore processing plant No. 2. Ingulets GOK commissioned a new single-spiral classifier (it divides by size the already milled products). The replacement of equipment will help stabilize the operation of the shop and increase the quality of iron ore concentrate. Ingulets GOK plans to purchase and put into operation three more identical classifiers until the year end.
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.
2020
Ingulets GOK invested $67.4 million in 2020 to modernize production facilities
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