In 2017 United Mining and Chemical Company increased sales by 20% YoY, to 2.769 billion UAH. “Despite serious competition and considerable dependence of the company on world quotation changes, UMCC last year was able to sell 124 thousand tons of ilmenite concentrate, its main product, at Volnogorsk GOK up by 41% YoY. Sales at Irshansk…
The United Mining and Chemical Company, owner of Volnogorsk Mining and Processing Works and Irshansk Mining and Processing Works, in 2017 increased ilmenite output by 18.7% YoY, to 392.2 thousand tons. In particular, IrGOK produced 224.4 thousand tons of ilmenite concentrate, the best result for the past three years. At the same time, Volnogorsk GOK…
This year the United Mining and Chemical Company, which manages Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works, intends to increase investments 2-fold, to 200 million UAH, “2018 will be the year of manufacture reconstruction. I believe our investments will exceed those of 2017 2-fold. It’s difficult to name the exact amount,…
The United Mining and Chemical Company has paid 321.848 million UAH of dividends for 2016 to the state budget. This is the largest payment of the type to the state budget in all the company history. This payment has been possible thanks to the increase of profit. If in 2015 UMCC received 630 million UAH…
The United Mining and Chemical Company will spend 50% of its 2016 net profits to pay dividends, having sent 338.849 million UAH to the state budget. The decree on the dividends payment was approved by the Ministry of economical development and trade on April 28, and UMCC received it on May 13. The dividends have…
The management of the United Mining and Chemical Company was prepared to privatize the company in its favor. “The accusations of the National Anticorruption Bureau of Ukraine of the blocking of the UMCC activities and the breakup of privatization are contrary to the fact and draw the attention away from the real situation at UMCC”,…
Detectives of the National Anticorruption Bureau have detained the acting chairman of the board of the United Mining and Chemical Company suspected of damaging the enterprise to the amount of 300 million UAH. According to the State Registry, the UMCC acting chairman is Ruslan Zhurylo. UMCC started operating in August 2014, when the government transferred…
In January-September the United Mining and Chemical Company produced 220 thousand tons of ilmenite concentrate, up by 11% YoY. According to the company statement, rutile concentrate output went up by 3.9% YoY, to 39.4 thousand tons, while that of zirconium concentrate increased by 6.8% YoY, to 20.8 thousand tons. Because the world titanium raw materials…