Northern GOK (Mining and Processing Plant)
Northern Mining and Processing Plant (Northern GOK) is among the largest mining and processing companies in Europe. It has a full cycle of raw material preparation. Northern GOK produces 66% Fe concentrate and 62% Fe, 63% Fe and 65% Fe pellets. The company develops large ferruginous quartzite deposits using the open-pit method. Its industrial reserves are estimated at 2.943 billion tons. The company is 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 | 1668.2 | 1056.4 | 611.4 | 590.1 | 875.3 | 960 | 1101 | 893 |
| EBITDA | 945.1 | 575.7 | 221.3 | 285.5 | 466.9 | 456 | 619 | 432 |
| EBITDA margin | 56.7% | 54.5% | 36.2% | 48.4% | 53.3% | 47.53% | 56.2% | 48.4% |
| Net income | 555.2 | 129.9 | -55.6 | 141.1 | 292.9 | 302 | 309 | 161 |
| Net income margin | 33.3% | 12.3% | -9.1% | 23.9% | 33.5% | 31.46% | 28.1% | 18.0% |
| CAPEX | 120.3 | 88.3 | 49.9 | 40.7 | 62.5 | 113 | 156 | 139 |
Key facts
2016
Northern GOK launched the first line of the complex of cyclic-flow technology (the system of conveyors, through which iron ore is delivered from an open pit to a crushing plant for the production of iron ore concentrate) at Pervomaysk open pit. The construction began back in 2010. According to the media, investments in the project amounted to UAH 1.9 billion.
2017
Metinvest Holding (Central GOK, Northern GOK, Ingulets GOK) announced its plans to buy 50 BELAZ dump trucks by the end of 2020, as part of the machinery renewal program.
2017
Northern GOK launched production of 65% Fe pellets. In 2017, it produced 1.5 million tons of such pellets type.
2018
Northern GOK invested UAH 2.5 billion to renovate equipment and enhance efficiency and environmental friendliness. The company bought 11 dump trucks and 2 heavy bulldozers, re-equipped 4 irrigation machines, and overhauled railway transport.
2019
Northern GOK updated its fleet of dust control water sprinklers. 10 units of equipment with a total value of ₴300 million were put into operation.
Northern GOK invested around ₴63 million in the reconstruction of the 24th technological section of the first beneficiation plant. During the reconstruction, it is planned to replace most equipment, including iron ore supply belts, the classifier, deslimers, main components of mills and separators. The overhaul of the section will essentially simplify equipment maintenance.
In 2019, Northern GOK plans to invest UAH 1.7 billion into overhaul of vehicles and equipment.
In 2019, Northern GOK to invest UAH 500 million into the buying of 16 new dump trucks.
2020
Northern GOK is to invest ₴3.1 billion in equipment modernization and overhauls, as well as in the construction of strategic facilities, including the replacement and commissioning of three electrostatic precipitators of the pelletizing machine. This will help the plant reduce dust emissions into the air by 500 tons per annum.
2021
Northern GOK invested more than $6.5 million in upgrading the processing plant
Northern GOK allocated more than $12 million for the eco-modernization of the processing complex
Northern GOK saved over $1 million in 2020 due to energy modernization
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