Ukraine: VostGOK managers accused of embezzlement

In Kirovohrad region law enforcers revealed managers of the state enterprise Vostochniy Mining and Processing Works on buying metallurgical slag wastes at inflated prices. VostGOK is the largest in Europe and the only in Ukraine extractor of uranium ore and producer of uranium concentrate. According to the Economical Security Bureau, the enterprise announced tenders to…

Ukraine: VostGOK gets new interim CEO

The Cabinet of Ministers has appointed Igor Bugayov the interim CEO of the state enterprise Vostochniy Mining and Processing Works. Bugayov is currently the first deputy CEO. He has many years of experience of working in nuclear and mining spheres, in particular, at managing roles in Energoatom. VostGOK is the only producer of uranium ore…

Ukraine: VostGOK output down in H1 2021

In January-June, Vostochniy Mining and Processing Works decreased uranium oxide concentrate output by 45% YoY, to 227.8 tons valued at 663 million UAH, down by 40%. Ore extraction dropped by 13%, to 242.2 thousand tons, with 51 thousand tons extracted in June. The highest concentrate output was in March – 49.8 tons valued at 145…