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…
At a meeting on October 11, the Government decided to sell the state-owned stake in the United Mining and Chemical Company (UMCC) for almost UAH 4 billion. This was announced by Prime Minister Denys Shmyhal. He reminded that last week an auction had been held to privatize the state-owned UMCC, Ukraine’s major titanium ore mining…
NEQSOL Holding has applied for participation in an auction to sell 100% of shares of the United Mining and Chemical Company JSC shares. Cemin Ukraine LLC, controlled by NEQSOL Holding, was the only participant of the auction scheduled for October 9 with the offer of 3.938 billion UAH. The starting price was 3.899 billion UAH.…
The State Property Fund explained why the Demurinsky Mining and Processing Works LLC was not auctioned together with the United Mining and Chemical Company JSC. The key reason was the preparedness for privatization. UMCC was already prepared for the auction, while adding DGOK would have delayed the process. Moreover, consultations with promising buyers showed that…
The State Property Fund intends to hold the first auctions of the “big privatization” in July-August. Among the main assets is the United Mining and Chemical Company. The starting price for the company is set at 3.9 billion UAH. Before the start of the Russian full-scale invasion, seven business groups showed interest in privatizing UMCC.…
In January-March, the United Mining and Chemical Company spent more than 37 million UAH on the repair and technical maintenance of machinery. Active repair and restoration of quarry machines are underway. One of the key directions in the first quarter was the repair and purchase of necessary spare parts to make machinery operate smoothly. In…
In early May, the state company United Mining and Chemical Company reported on receiving a net profit of 30.2 million UAH in January-March. According to the company managers, the positive result was due to successful sales of products on outer markets, expanding sales geography and developing logistics. Yet, after a more detailed analysis of the…
The United Mining and Chemical Company has lately concluded contracts to supply 80 thousand tons of ilmenite to end customers in the EU and agents in the USA. According to the company’s post on Facebook, despite the risk of the wartime, last year it was able to sell more than 102 thousand tons. Scheduled sales…