Ukraine: Slovak co-owner of ZZhRK wants to change management

Minerfin, owning 51.16977% of shares of the temporarily occupied Zaporozhye Iron Ore Complex, suggests replacing chairman of the board. As of Q1 2023, KSK Consulting, a.s. owned 19.0632% and Zaporizhstal – 29.5193%. Instead of the chairman of the board and CEO Dmitriy Kolesnikov, Minerfin suggests appointing technical director Andrei Karnaukh instead. The decision will be…

Ukraine: Russian occupiers intend to mine 1 billion tons of iron ore at ZZhRK

Russian occupiers tried to relaunch manufacture at the Zaporohye Iron Ore Complex. According to the collaborator, the head of the fake military-civilian administration of Zaporozhye region Vladimir Rogov, a group of “potential investors” has arrived at the enterprise. ZZhRK is a town-building enterprise in Dneprorudnoye, employing around 5 thousand people. The enterprise develops several deposits,…