NEQSOL Holding, which has bought the United Mining and Chemical Company, will focus on the development of the asset and will look for new deposits.
“We understand that UMCC has reserves for the medium-term. The enterprise continues operating and there is no high dependence on reserves now. But we will develop and look for promising deposits,” the director of the Ukrainian office of Nesqol Wolodymyr Lavrenchuk has said.
According to the sale deal, the buyer has to retain the company’s main operation activities and invest at least 400 million UAH in modernization. (Ukrainian metal)