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 2018
Indicative sales structure by markets in 2018
* structure of sales volumes, metric tons
Financial performance, $ million
|Net income margin||33.3%||12.3%||-9.1%||23.9%||33.5%||31.46%|
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.
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 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.
Sources: websites of the companies, media outlets