The Georgian Manganese LLC (GM) is a mining company responsible for the extraction of manganese and production of ferroalloys. Georgian Manganese was the Georgian subsidiary of the British company Stemcor, but, at the end of 2006, Stemcor sold 75% of Holding’s shares to Ukrainian Privat Group. This group owned Tao-Privat bank in Georgia from 2007 to 2014. In 2013, the Privat Group transferred Georgian Manganese and Vartsikhe Hydro Power Cascade owned by Georgian Manganese to an American holding “Georgia American Alloys”. The Georgian Manganese LLC owns Zestaponi Ferroalloy Plant in Zestaponi (through JSC Ferro) and Chiatura mine in Chiatura (through JSC Manganumi). More information...
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