Ukraine: General Prosecutor investigating UMCC illegal mining
The General Prosecutor’s Office is investigating the illegal mining of mineral resources by the state enterprise United Mining and Chemical Company.
The General Prosecutor’s Office is investigating the illegal mining of mineral resources by the state enterprise United Mining and Chemical Company.
In January-September the United Mining and Chemical Company received 1.16 billion UAH of net income, with net profit totaling 238 million UAH.
The United Mining and Chemical Company is working on behalf of the state, and not of the politicians, nor officials, answered the company to the accusations of the deputy Sergey Leschenko.
The State Enterprise United Mining and Chemical Company, operating Volnogorsk Mining and Metallurgical Complex (VGMK) and Irshansk Mining and Processing Works (IGOK), has won a tender to supply ilmenite concentrate to Zaporozhye Titanium and Magnesium Works (ZTMK).
Zaporozhye Titanium and Magnesium Works (ZTMK) participants on a meeting, in which the state enterprise “United Mining and Chemical Company” (UMCC) took part, decided on the dividend payments.
In January-March the state-owned United Mining and Chemical Company received 44.86 million UAH of net profit.