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Ukraine: Ministry of Energy replaces Krasnolimanskaya mine director

The Ministry of Energy has decided to appoint Sergey Sivtsov the acting director of the state enterprise Krasnolimanskaya Coalmining Company. The decision to fire the director of the enterprise Vladimir Lysak was taken due to his dereliction of duty. Krasnolimanskaya stopped mining coal in 2018, while the license was given to the private Krasnolimanskaya LLC.…

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Ukraine: Ukrzinc declared bankrupt

In August, the Commercial Court of Donetsk region declared Ukrzinc OJSC bankrupt. The company has not been operating since 2002. New plants, such as Svinets LLC and Zinc PJSC, have appeared on its manufacturing assets. Ukrzinc was founded in Konstantinovka in 1930 to produce zinc. Its capacity then was 12 thousand tons of zinc per…

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Uzbekistan: $2.55-billion financing approved for AGMK

During the official visit of the Uzbekistan president to Germany, an agreement with KfW-IPEX Bank was signed to construct a new copper-smelting complex worth $2.55 billion. The construction is being carried out under an investment project “Developing the Yoshlik I deposit” according to the decree of the president “On additional measures to expand the manufacture…

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Ukraine: PGOK board chairman arrested

Pecherskiy Court of Kyiv has arrested Victor Lotous, Poltava Mining and Processing Works board chairman, with an alternative of a bail of UAH 999.991 million. PGOK belongs to Konstantin Zhevago. A claim has also been sent to extract Zhevago from France. According to investigation, the enterprise was selling crushed stone made of ferruginous quartzites waste.…

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