Grant Thornton has estimated the cost of Irshansk Mining and Processing Works and Volnogorsk Mining and Processing Works at 1.7 billion UAH.

Thus the cost of the subsidiary assets has increased two-fold since 2014.

“The estimate of the assets belonging to the United Mining and Chemical Company, the owner of the 2 GOKs, is a necessary element in the corporatization and the following sale of shares. This estimate will influence the final cost of the company that has been included in the list of companies to be privatized in 2016-2017”, said the company in its statement. (Ukrainian metal)

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