Georgian Manganese Holding

Georgian Manganese Holding
IndustryManganese mining & Ferroalloys
HeadquartersGeorgia

The Georgian Manganese Holding (GMH) is the Georgian subsidiary of the British company Stemcor, producing manganese and ferroalloys. The Georgian Manganese Holding owns JSC Ferro (Zestaponi Ferroalloy Plant) in Zestaponi and Chiatura mine in Chiatura.[1] It owned Tao-Privat bank in Georgia from 2007 to 2014.[2]

Until 2009, the company functioned without the environmental impact assessment and appropriate permit. Permit conditions were first inspected in 2012 and the company was fined 5000 Georgian lari for violation of permit conditions. In September 2014, after unsuccessful attempts to fine the company, the Georgian Ministry imposed limits and restrictions on the company. In May 2017, a special manager was appointed by the Tbilisi City Court in order to ensure compliance with license and permit conditions.[3] Since 2019, the company has faced sporadic public protests from local residents of Shukruti village where its mining site is located, over the destruction of property of local residents as a result of Georgian Manganese Holding activities and alleged non-payment of compensation.[4]

Ukrainian-born Israeli billionaire businessman, Ihor Kolomoyskyi, is a majority shareholder of Georgian Manganese Holding.[5]

  1. ^ "Georgia's big four: A brief outline of largest manufacturers in Georgia". Investor.ge. April–May 2010. Archived from the original on 7 October 2011. Retrieved 23 April 2010.
  2. ^ Gujaraidze, Nino (2022). "Georgian Manganese – Company Profile, 2022" (PDF). Retrieved 2024-08-23.
  3. ^ "Georgian Manganese – Company Profile" (PDF).
  4. ^ "Mine entrance blocked near Shukruti in renewed protest against Georgian Manganese". 15 March 2024.
  5. ^ "Georgian Manganese–linked company attacks critics and media covering Shukruti hunger strike". 27 September 2024.