The shareholders of Northern mining and processing plant made the decision to pay for 11.55 billion of dividends (4,98 UAH per 1 share) in 2014 and previous periods. This should be the message of the press service of Metinvest.

It is reported that in 2017 Metinvest group invests in Ingulets iron ore enrichment works, Central and Northern ore mining and processing enterprises 7.4 billion UAH. That’s four times more than last year. “For the implementation of the investment program including the dividends will be used mining and processing plants of Metinvest for the years 2014-2015. Decision on dividend payment was adopted at the General meetings of shareholders of the CMCP, InGOK and SevGOK in December-January”, – stated in the message.

We will remind, the agenda of the meeting of shareholders of the company, which was held on 30 January, it was reported that the shareholders of Northern mining plan to decide on the payment of 11.55 billion UAH of dividends for 2014 and previous periods.

According to financial reports, in 2015, the Northern mining got loss in the amount of 1.21 billion. The net income of the plant increased by 6% to 13.33 billion compared to 2014.

By the end of 2014, the company’s profit amounted to UAH 1.5 bn.

As you know, 96,3961% of the shares of Northern mining belongs to the Dutch Metinvest B. V., which is part of Metinvest group, the main shareholders of which are SCM (71,24%), Rinat Akhmetov and the group of Smart-holding (23.76%) Vadim Novinsky.

In December, the shareholders of Ingulets GOK has decided to pay UAH 2.5 billion of dividends. The shareholders of the Central GOK – UAH 4.9 billion. These plants are also part of the Metinvest group.

Mining companies Akhmetov has directed on dividends of UAH 19 billion 30.01.2017

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