The State Property Fund intends to auction Demurinskiy Mining and Processing Works.
Prior to confiscation the company belonged to the Russian businessman Mikhail Shelkov.
Nikolaev Alumina Plant, belonging to the Russian oligarch Oleg Deripaska, still has not been transferred to the Fund. But as soon as it happens, the Fund will quickly auction it as well.
It takes about 60 to 90 days to prepare an object for privatization. Thus, the privatization of Demurinskiy GOK will begin in Q2 or Q3. (Ukrainian metal)