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Ukraine: Ferrexpo payments to budget up in H1 2017

In January-June Ferrexpo enterprises (Poltava, Yeristovo and Bilanovsky Mining and Processing Works) paid 535.7 million UAH of various taxes to local, regional and the state budgets, up by 29.4% YoY....

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Ukraine: PGOK profits in 2017

In 2017 Poltava Mining and Processing Works received the consolidated net profit of 4.27 billion UAH as opposed to the consolidated net loss of 40.44 million UAH in 2016. According to the company...

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Ukraine: PGOK to see railroad electrified

This year Ukrzaliznytsia intends to finish the electrification of the Potoki – Zolotnishino route, which unites the main railroad with the Poltava Mining and Processing Works. This is expected to...

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Ukraine: PGOK profits up in 2018

In 2018 Poltava Mining and Processing Works received 5.1 billion UAH of profit, up by 20.25% YoY. According to the company statement, its assets as of the end of 2018 grew by 22%, to 27.9 billion UAH....

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Ukraine: Ferrexpo to squeeze out PGOK minority shares

Ferrexpo AG, owning 99.11% of Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine, intends to use squeeze-out from minority shareholders. At present Ferrexpo AG...

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Ukraine: PGOK income up in 2018

In 2018 Poltava Mining and Processing Works increased net income by 10.3% YoY, to 22.472 billion UAH. Net profit grew by 22.8%, to 5.237 billion UAH. EBITDA went up by 0.7%, to 6.076 billion UAH....

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Ukraine: Ferrexpo to squeeze-out PGOK minor shares

Ferrexpo AG will squeeze out Poltava Mining and Processing Works shares from minority shareholders. The price of each share will be 34.24 UAH with their nominal cost of 9.96 UAH. Ferrexpo AG owns...

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Ukraine: Ferrexpo pays 2.4 billion UAH of taxes in 2018

In 2018 Ferrexpo enterprises paid 2.4 billion UAH of taxes to the budgets of all levels. In particular, Poltava Mining and Processing Works paid 1957 million UAH of taxes, Yeristovo GOK – 407.1 million...

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Ukraine: Ferrexpo now sole owner of PGOK

Ferrexpo AG, which owns 99.11% of the Poltava Mining and Processing Works shares, has squeezed-out shares from the minor shareholders and accumulated all the 100%. Ferrexpo announced the squeeze-out in...

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Ukraine: pellets exports in January 2017

In January Poltava Mining and Processing Works, a part of Ferrexpo, exported 906.8 thousand tons of iron ore pellets. The products were shipped to Europe and the Near East, as well as Japan, China and...

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Ukraine: PGOK losses down in 2016

In 2016 Poltava Mining and Processing Works received 32.15 million UAH of net losses, down from 5.9 billion UAH in 2015. The company current liabilities increased by 10.9% YoY, to 21.26 billion UAH,...

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Ukraine: PGOK profits up in 2016

In 2016 Poltava Mining and Processing Works received 3.2 billion UAH of profits, up by 19% YoY. According to the company statement, this has been achieved due to the increase in output of...

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Ukraine: PGOK licenses expiring in July 2017

Ferrexpo has not prolonged the license to operate at the Gorishne-Plavninskoye and Lavrikovskoye deposits. The licenses expire in July. The company expects the licenses to be prolonged automatically....

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Ukraine: PGOK starts repairing wagons

Poltava Mining and Processing Works, a part of Ferrexpo, has invested 20 million UAH in the creation of a repair service of its own railroad wagons. The repair will be carried out by the daughter...

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Ukraine: PGOK to use its own trains to transport cargo

Poltava Mining and Processing Works is interested in carrying its cargo between the city of Kremenchug and the port of Yuzhniy with the help of its own trains. According to the company commercial...

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Ukraine: Ferrexpo to get $500 million loan

Ferrexpo Plc intends to get a renewable credit line for $500 million until September 30, 2021. According to the agenda of Poltava Mining and Processing Works shareholders meeting scheduled for July 17,...

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Ukraine: PGOK shareholders approve of Ferrexpo loan

The shareholders of Poltava Mining and Processing Works have approved of a number of deals as to the $500 million loan agreement. Ferrexpo Finance plc, Ferrexpo AG and Ferrexpo Middle East FZE will...

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Ukraine: PGOK to issue additional shares

Poltava Mining and Processing Works will increase its statutory capital by 62.3%, or by 1.19 billion UAH, by issuing additional shares. The National commission on securities and stock market registered...

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Ukraine: PGOK reports difficulties with delivering pellets to Port Yuzhniy

Ukrzaliznytsia (Ukrainian Railways) continues preferring Russian transit cargo to local transportation, the letter of the Poltava Mining and Processing Works commercial director Dmitry Spatar to the...

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Ukraine: court freezes Poltava GOK shares

A Ukrainian court has limited 50.3% of Ferrexpo Poltava Mining (FPM) shares, belonging to Ferrexpo AG Switzerland, the only shareholder. Ferrexpo AG says the arrest does not affect the ownership of the...

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Ukraine: PGOK commissions processing factory section No. 9

Poltava Mining and Processing Works has commissioned a new technological complex “Section No. 9” of the processing factory. Investments in the project exceeded 3 billion UAH ($100 million). This...

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Ukraine: PGOK produces 500 million tons of concentrate

In August, Poltava Mining and Processing Works produced the 500-millionth ton of iron ore concentrate. “The first ton was produced in 1970, and in 50 years of successful operation, PGOK has...

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Ukraine: PGOK CFO becomes Ferrexpo CFO

Ferrexpo board of directors has appointed Nikolay Klavdiyev the group chief financial officer. Since 2007, Klavdiyev has been the Poltava Mining and Processing Works CFO. The current acting CFO Roman...

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Ukraine: NKMZ produces crusher for PGOK

Novokramatorskiy Machine-Building Works has produced a modernized cone crusher for Poltava Mining and Processing Works. This is the second machine produced by NKMZ for PGOK. The first was commissioned...

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Ukraine: PGOK chief accountant suspected of tax evasion

The chief accountant of Poltava Mining and Processing Works is suspected of the company not paying taxes for 2 billion UAH. According to the State Security Service, in 2018-2021 the suspect entered...

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Ukraine: PGOK accounts arrested

Shevchenkovskiy district court of Kyiv has arrested bank accounts of Poltava Mining and Processing Works. All the payment operations of the company, except for the payment of taxes, have been...

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Ukraine: PGOK top managers arrested

The Pecherskiy Court of Kyiv has ruled to place top managers of Poltava Mining and Processing Works and a straw company into a pre-trial detention center with the alternative of a bail. All the six are...

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Ukraine: Police suspect PGOK managers in illegal use of natural resources

Managers of a mining and processing works have created an illegal scheme of using natural resources valued at 157 billion UAH, the National Police report without naming the enterprise. According to...

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Ukraine: PGOK board chairman arrested

Pecherskiy Court of Kyiv has arrested Victor Lotous, Poltava Mining and Processing Works board chairman, with an alternative of a bail of UAH 999.991 million. PGOK belongs to Konstantin Zhevago. A...

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Ukraine: PGOK down to losses in 2022

In 2022, Poltava Mining and Processing Works received 2.9 billion UAH of net loss as opposed to a net profit of 10.823 billion UAH in 2021. Pre-tax loss was 7.822 billion UAH vs. pre-tax profit of...

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