The state-owned Oschadbank has put up for sale rights to demand monetary compensation from Motronivskiy Mining and Processing Works LLC, a part of Group DF.

The auction will be held on March 13 in the OpenMarket system.

The starting price is 612.6 million UAH (without VAT).

The works is being constructed. At the first stage, a quarry with the capacity of 2.7 million tons of ore per year will be built. The company is expected to produce around 120 thousand tons ilmenite concentrate, 14 thousand tons of zirconium concentrate and 20 thousand tons of rutile concentrate per year.

The enterprise employs 838 people, with 9 contractors operating in construction providing jobs to 250-300 people. (Ukrainian metal)

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