The new owner of the United Mining and Chemical Company, the Neqsol Holding, has ordered a professional evaluation of the privatized company according to JORC standards.
The agreement was concluded on July 11 with Micon International. The company has carried out over 800 projects across the globe.
Micron has to study the main manufacturing assets of UMCC – Vilnogirsk Mining and Processing Works in Dnipropetrovsk region and Irshansk Mining and Processing Works in Zhytomir region.
Neqsol Holding privatized them for UAH 4 billion. The buyer was Tsemin Ukraine, a part of Neqsol. It was the only participant of the auction held in October 2024.
According to the privatization terms, the company has to invest at least 400 million UAH in UMCC. (Ukrainian metal)