In 2021, the United Mining and Chemical Company increased sales income by 47% YoY, to 4.59 billion UAH. EBITDA grew by 93%, to 940.81 million UAH. Last year, the group paid 873.4 million UAH of taxes, up 2.2-fold. (Ukrainian metal)
In 2021, the United Mining and Chemical Company expects its sales revenue to increase by 45% YoY, to 4.54 billion UAH. According to preliminary financial results, EBITDA would grow by 93%, to 940.8 million UAH. Payments to budgets will amount to 873.4 million UAH, up 2.2-fold. In January-September, average salary was 17.3 thousand UAH, up…
The State Property Fund has decided to postpone the auction on the privatization of the United Mining and Chemical Company till December. The fund received only two offers to participate in the auction, with one not meeting the current legislation requirements. As the auction cannot be carried out with just one participant, the fund has…
The State Service of Geology and Subsoil has prolonged the right of the United Mining and Chemical Company to develop the Malyshevskoye deposit of titanium ores by 20 years. “This will provide for a stable operation of Volnogorsk Works for years, as well as tax payments to the budget and the development of the community”,…
The auction to privatize the United Mining and Chemical Company has been postponed to the end of November. This was done to allow all the interested parties registering in time. Out of 19 participants only 2 have been registered so far. (Ukrainian metal)
The State Property Fund has cancelled the privatization auction of the United Mining and Chemical Company scheduled for August 31, as only one company has been allowed to participate. The fund received 3 offers, with two companies providing incomplete package of documents. The fund still hopes to hold the auction this year and expects more…
Minerals Metals Group (MMG, China) will buy $3.2 million worth of the United Mining and Chemical Company products according to a contract dated August 18 and six amendments dated August 25. Some employees said that shipping had already begun. The Chinese middlemen have already made a prepayment for 680 tons rutile concentrate at $1690 per…
The Cabinet of Ministers has decided to appoint the United Mining and Chemical Company member of the board Yegor Perelygin the company acting chairman. The decision was agreed with the State Property Fund. Previously Arthur Somov was the acting chairman of the company. (Ukrainian metal)
On July 2, the State Property Fund of Ukraine started accepting applications for the participation in the auction to privatize the United Mining and Chemical Company. The auction is scheduled for August 31. The initial price is 3.7 billion UAH. (Ukrainian metal)
13 buyers from various countries are showing interest in the United Mining and Chemical Company. According to the State Property Fund chairman Dmitriy Sennichenko, some of them are well known companies from Australia and Japan. He expressed hope that the Verkhovnaya Rada would support the decree to unblock “big privatization” at the second reading. The…
The State Safety Service of Ukraine has asked the United Mining and Chemical Company to stop supplying ilmenite to Belanto (the Czech Republic) because of the fears that it has been delivered to Russia-occupied Crimea. At the same time, despite the notice, the CEO of UMCC Artur Somov has allowed shipping ilmenite to Belanto. This…
The Cabinet of Ministers has approved of a financial plan for the United Mining and Chemical Company for 2020 with the net profit of 575.67 million UAH. The corresponding decision was taken on November 18 without discussion. Taxes are expected to amount to 344.67 million UAH, including 104.2 million UAH of profit tax. (Ukrainian metal)
On July 8, the United Mining and Chemical Company employees received their wages for June in full. The company hopes to have no more delays in paying salary. The delay was short-termed. The situation was resolved within one day. The reason of the delay was the debt of counter parties in the amount of 1…
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