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.
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
|Net income margin||33.3%||12.3%||-9.1%||23.9%||33.5%||31.46%||28.1%||18.0%|
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.
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.
Northern GOK launched production of 65% Fe pellets. In 2017, it produced 1.5 million tons of such pellets type.
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.
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.
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.
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
Sources: websites of the companies, media outlets