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…
In order to obtain new licenses to develop deposits, the United Mining and Chemical Company together with the State Service of Geology and Subsoil will create working groups. It is expected that the new licenses will provide for raw materials extraction for 10 more years. This will also mean a long-term development of the Irshansk…
The subsidiaries of the United Mining and Chemical Company have concluded four contracts with the United Global Logistic LLC on the transportation services valued at 402.04 million UAH. For 2020 Irshansk Mining and Processing Works has ordered railroad transportation of cargo valued at 349.77 million UAH, and Volnogorsk Mining and Processing Works – 52.27 million…
In January-June United Mining and Chemical Company increased its net profit by 42.8% YoY, to 234.859 million UAH. Last year net profit totaled 114.887 million UAH, and net sales income – 3.214 billion UAH. The state enterprise started operating in August 2014, when the government transferred the Irshansk Mining and Processing Works and Volnogorsk Mining…
The State Property Fund of Ukraine has taken the United Mining and Chemical Company under its management. All the shares of the company have been transferred from the Ministry of the Economic Development to the fund for the further privatization. The state enterprise estimates its assets at 3.4 billion UAH. (Ukrainian metal)
DCH Group intends to privatize the state enterprises United Mining and Chemical Company and Electrotyazhmash. The company will participate in privatization if the authorities take the corresponding decision. “We are interested in the development of Ukrainian industry, while the announced objects of privatization will get new prospects of development due to the synergy with other…
The United Mining and Chemical Company, which manages Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works, has purchased new processing machinery manufactured by Mineral Technologies for IrGOK. Investments totaled 29 million UAH. The machinery has already been delivered. In particular, the company has received 8 models of various types of spiral separators,…
In 2018 the United Mining and Chemical Company received 114.9887 million UAH of net profit, down 3.9-fold YoY. EBITDA dropped by 60%, to 220.7 million UAH. At the same time the net income increased by 12.5%, to 3.213 billion UAH. Undistributed profit as of late 2018 totaled 115.087 million UAH. (Ukrainian metal)
Subsidiaries of the United Mining and Chemical Company have concluded agreements with the Eco-Service Trading House LLC on the delivery of fuel valued at 280.96 million UAH. In particular, Volnogorsk Mining and Processing Works ordered 8275 tons of diesel fuel at 30 thousand UAH per ton for the total amount of 248.25 million UAH. This…
The subsidiaries of the United Mining and Chemical Company have announced their intention to conclude 8 agreements with United Global Logistic LLC for the transportation services valued at 483.84 million UAH. This year Irshansk Mining and Processing Works is ordering railroad transportation and processing of cargo at 283.02 million UAH, and Volnogorsk Mining and Processing…
