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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.…
DetailsBy canceling the frozen auctions to sell scrap, Ukrzaliznytsia has damaged itself for 300 million UAH, expert Boris Kushniruk has said. “That was a very strange decision on behalf of Ukrzaliznytsia. Auctions were held, winners were announces and pledges were made. Moreover, metal companies were ready to buy this scrap despite the fact that the…
DetailsThe Velta Group of Companies currently has an acute shortage of employees, which decreases its efficiency and exports, CEO and co-owner Andriy Brodskiy has said on Facebook. According to him, their titanium ore mining and processing works lack 28% of personnel. The number of working pensioners has increased by 30% since the start of the…
DetailsOperation of machinery at a Donetsk region mine was suspended due to Russian shelling. More than 160 miners remained underground. Due to damages, ventilation machinery was shut down. 137 miners were taken back to the surface. Later, following shelling, ventilation equipment at another site of the mine was shut down. 26 miners remained underground until…
DetailsIn January-April, global steel output amounted to 625.37 million tons, down by 0.89% YoY. According to Worldsteel, China was the traditional leader with 343.67 million tons of steel produced, down by 3%. Its share in global output amounted to 54.95%. Ukraine produced 2.4 million tons of steel, up by 32.76%, and went up by one…
DetailsIn 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…
DetailsPolymetal International plc suggests not paying dividends for 2023. Moreover, due to sanctions on the Russian Polymetal JSC, it was suggested to change the name. The annual shareholders’ meeting is scheduled for June 11. The board of directors suggests renaming the company Solidcore Resources plc. The sale of Russian business considerably decreased debt burden on…
DetailsUntil the end of the year, Anglo-Asian Mining Plc intends to produce first ore at the Gilar deposit. The development of the mine started in 2023. The company has also increased the capacity of the floatation machine at the Gedabek mine 2-fold, to 160 tons per hour. Reserves of the Gilar deposit are estimated at…
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