Marganets GOK (Mining and Processing Plant)
Marganets Mining and Processing Plant (Marganets GOK) mines manganese ore by open-pit and underground methods (80% to 20%). Its raw material base is represented by the eastern section of Nikopol deposit (253 million tons of reserves).
Manganese concentrate produced by Marganets GOK is sold in the Ukrainian market. Its main buyers are Nikopol and Zaporizhzhia ferroalloy plants.
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 | 51 | 43 | 85 | 26 | 138 | 114 | 54 | 91 |
| EBITDA | -17 | 6 | 3 | -29 | 43 | 12 | -6 | 15 |
| EBITDA margin | -32.1% | 14.9% | 3.5% | - | 31.0% | 10.81% | -10.5% | 16.6% |
| Net income | -27 | 0 | 0 | -34 | 30 | 6 | -11 | 9 |
| Net income margin | -51.7% | 1.1% | 0.4% | - | 22.1% | 5.24% | -21.5% | 9.8% |
| CAPEX | 4 | 2 | 3 | 2 | 3 | 8 | 5 | 5 |
Key facts
In November 2016
Marganets GOK extended the special license for the subsoil use until August 2036.
2018
A project for the construction of a manganese ore sludge processing shop was launched. The amount of investment is estimated at $16.5 million.
2020
In 2020, the volume of emissions of harmful substances into the atmosphere by the Marganetsky GOK amounted to 230 thousand tons, of which dust – 195 thousand tons, greenhouse gases – 6 thousand tons.
In the structure of the costs of Marganetsky GOK in 2020, 49% were expenses for wages, another 13.3% were expenses for electricity. In 2020, the Marganetsky GOK consumed 86,377 kWh of electricity.
Sources: websites of the companies, media outlets
13 July 2022
07 November 2019