Ukraine: Cyprus company sues UGOK

Wadless Holdings Limited (Cyprus) has filed a claim to the Yuzhniy Mining and Processing Works demanding the recovery of the debt on dividends valued at 132.32 million UAH. The company owns 21.16 million shares of UGOK and thus is entitled to the dividends of 132.32 million UAH (6.25 UAH per ordinary share), according to the…

Ukraine: UGOK concentrate output up in Q1 2019

In January-March Yuzhniy Mining and Processing Works increased iron ore concentrate manufacture by 5.7% YoY, to 3.183 million tons. At the same time sinter output dropped by 36.4%, to 331.8 thousand tons. In March UGOK produced 1.09 million tons of concentrate and 120.2 thousand tons of sinter, up by 5.1%, but down by 47.8% YoY…

Ukraine: UGOK concentrate output up in January 2019

In January Yuzhniy Mining and Processing Works increased concentrate output by 4.6% YoY, to 1.102 million tons. According to the company statement, sinter manufacture dropped by 19.6%, to 105.7 thousand tons. In 2018 UGOK produced 12.247 million tons of concentrate and 1746.3 thousand tons of sinter, down by 0.2% and by 6.04% YoY respectively. (Ukrainian…

Ukraine: UGOK output down in 2018

In 2018 Yuzhniy Mining and Processing Works decreased concentrate output by 0.2% YoY, to 12.247 million tons. According to the company press-service, sinter manufacture dropped by 6.04%, to 1.746 million tons. In December 2018 UGOK produced 986.3 thousand tons of concentrate and 195 thousand tons of sinter, up by 8.6% and by 46.07% YoY respectively.…

Ukraine: UGOK output down in January-November 2018

Yuzhniy Mining and Processing Works in January-November decreased the iron ore concentrate output by 0.9% YoY, to 11.261 million tons. In November concentrate manufacture dropped by 2% YoY, to 1.056 million tons. Sinter output decreased by 12.7%, to 143.6 thousand tons. In 11 months UGOK produced 1.551 million tons of sinter, down by 10% YoY.…