Georgian Manganese LLC
Corporate brand
UnclaimedA Georgian mining and metals company extracting manganese and producing ferroalloys.
Last updated August 25, 2026
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Overview
Georgian Manganese LLC is a Georgian mining and metals company whose principal activities are the extraction of manganese ore and the production of ferroalloys. Its operating base is concentrated in the manganese-producing area of western Georgia, particularly around Chiatura and Zestaponi. The company controls the Chiatura mining operation through JSC Manganumi and the Zestaponi Ferroalloy Plant through JSC Ferro. These assets connect the business across the main stages of the manganese value chain, from mineral extraction to the manufacture of manganese-bearing alloy products. The company was formerly associated with Stemcor, a British metals group. At the end of 2006, Stemcor sold 75% of the relevant holding to Ukraine's Privat Group. Privat Group also owned Tao-Privat Bank in Georgia between 2007 and 2014. In 2013, Privat Group transferred Georgian Manganese and the Vartsikhe Hydro Power Cascade, which was owned by Georgian Manganese, to the American holding company Georgia American Alloys. Public reference material identifies Ukrainian-born Israeli businessman Ihor Kolomoyskyi as the company's majority shareholder. Georgian Manganese's industrial footprint has also made it a significant environmental and community actor in Georgia. According to the company's Wikipedia account, it operated until 2009 without an environmental impact assessment and the appropriate permit. Permit conditions were inspected in 2012, when the company was fined 5,000 Georgian lari for a violation. After later attempts to impose fines were unsuccessful, the Georgian Ministry introduced limits and restrictions in September 2014. In May 2017, the Tbilisi City Court appointed a special manager to help ensure compliance with license and permit requirements. Since 2019, residents of Shukruti village, near one of the company's mining sites, have staged intermittent protests. The protests have focused on alleged damage to homes and other property attributed to mining activity and claims that compensation was not paid or was inadequate. These disputes have contributed to the company's public profile beyond its role as a producer of manganese and ferroalloys. Available reference material does not provide a complete account of its current production volumes, revenues, export destinations, workforce, or corporate governance, so those details are not included here.
History
Georgian Manganese LLC operates in Georgia's historically important manganese and ferroalloy sector. Its industrial structure links the Chiatura manganese mines with the Zestaponi Ferroalloy Plant. The Chiatura operation is held through JSC Manganumi, while the Zestaponi plant is held through JSC Ferro. The company has also been associated with the Vartsikhe Hydro Power Cascade, giving its business history a connection to both mining and industrial power infrastructure. The company was previously a Georgian subsidiary of the British metals group Stemcor. At the end of 2006, Stemcor sold 75% of the relevant holding to Ukraine's Privat Group. Privat Group's Georgian interests included Tao-Privat Bank, which it owned from 2007 until 2014. In 2013, Privat Group transferred Georgian Manganese and the Vartsikhe Hydro Power Cascade to Georgia American Alloys, an American holding company. The available reference material identifies Ihor Kolomoyskyi as the majority shareholder. Environmental permitting and regulatory compliance became recurring parts of the company's history. The company reportedly operated until 2009 without an environmental impact assessment and the required permit. Authorities inspected compliance with permit conditions in 2012 and imposed a 5,000 Georgian lari fine for a violation. In September 2014, following unsuccessful attempts to fine the company, the Georgian Ministry adopted limits and restrictions affecting its activities. In May 2017, the Tbilisi City Court appointed a special manager to support compliance with licensing and permitting obligations. Community opposition became especially visible from 2019 onward. Residents of Shukruti village, where a company mining site is located, periodically protested what they described as destruction of residential property and other local damage caused by mining. Protesters also alleged that compensation had not been paid. These disputes illustrate the tension between the economic importance of manganese extraction and the local environmental and social effects of underground or surface industrial activity. The supplied reference material does not establish the final legal or financial resolution of the protests. The available sources provide no reliable current figures for production, revenue, employment, exports, reserves, or ownership percentages beyond the identification of a majority shareholder. They also do not provide a confirmed list of current executives or a corporate website. Georgian Manganese is therefore best characterized on the available evidence as an active Georgian manganese extraction and ferroalloy producer with a substantial regulatory and community-impact history.
- 2019
Shukruti protests begin
[1]Residents of Shukruti village began intermittent protests over alleged mining-related property damage and disputed compensation.
- 2017
Special manager appointed
[1]The Tbilisi City Court appointed a special manager to help ensure compliance with license and permit conditions.
- 2014
Government restrictions imposed
[1]The Georgian Ministry imposed limits and restrictions on the company after unsuccessful attempts to impose fines.
- 2013
Transfer to Georgia American Alloys
[1]Privat Group transferred Georgian Manganese and the Vartsikhe Hydro Power Cascade to the American holding company Georgia American Alloys.
- 2012
Permit conditions inspected
[1]Authorities inspected permit conditions and fined the company 5,000 Georgian lari for a violation.
- 2009
Environmental-permitting gap ends
[1]The company is reported to have operated without an environmental impact assessment and appropriate permit until 2009.
- 2006
Stemcor sells majority stake to Privat Group
[1]At the end of 2006, the British company Stemcor sold 75% of the relevant holding connected with Georgian Manganese to Ukraine's Privat Group.
Products and positioning
An integrated Georgian manganese and ferroalloy producer built around the Chiatura mining district and the Zestaponi Ferroalloy Plant.
Mining product
Manganese ore
Manganese ore extracted from the Chiatura mining area is the company's primary mineral product. The operation is conducted through JSC Manganumi. The ore forms the upstream input for manganese-processing and ferroalloy activities, although the supplied sources do not specify grades, annual output, customers, or export markets.
Metallurgical product
Ferroalloys
Georgian Manganese produces ferroalloys through the Zestaponi Ferroalloy Plant, held through JSC Ferro. Ferroalloys are manganese-bearing metallurgical materials used in steelmaking and related industrial processes. The available reference does not identify the plant's specific alloy grades, production capacity, or current customer base.
Controversies
2019
Shukruti community dispute
Local residents alleged that mining activity damaged homes and other property and that compensation was not paid. Intermittent protests continued from 2019.
2017
Court-appointed special management
A court-appointed special manager was tasked with helping the company comply with its licenses and permits.
2014
Regulatory restrictions
The Georgian Ministry imposed limits and restrictions after efforts to fine the company were unsuccessful.
2012
Permit violation and fine
An inspection of permit conditions resulted in a 5,000 Georgian lari fine for a violation.
Brand decisions
2017
Appointment of a special managerOtherBackground
The appointment followed continuing concerns about compliance with licenses and permit conditions.
Action taken
The Tbilisi City Court appointed a special manager to support compliance oversight.
Aftermath
The available material does not state how long the special-management arrangement lasted or its final results.
2013
Transfer of Georgian Manganese to Georgia American AlloysM&ABackground
Following Privat Group's ownership of the business, the group reorganized its interests in 2013.
Action taken
Georgian Manganese and the Vartsikhe Hydro Power Cascade were transferred to the American holding company Georgia American Alloys.
Aftermath
The transfer placed the company within the Georgia American Alloys holding structure. The supplied source does not provide transaction value or later ownership changes.
Sources1 sources
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