The Verkhnyodniprovsk City Council is terminating the land rent agreement for the Malyshevskoye deposit, where the northern part of the Motronovskiy Mining and Processing Works’ quarry of zirconium-rutile-ilmenite sands is situated. The company has to return to the city council the land plot with the size of 155.7 ha. Moreover, the company has to pay…
The State Service of Subsoil Use has canceled the license of the Motronovsky Mining and Processing Works to extract titanium ores at the Malyshevskoye deposit in Dnipropetrovsk region. The company has to stop its operation within 10 days. The end beneficiary of the Motronovsky GOK is Dmitry Firtash. The cancellation of the license is connected…
Motronovskiy Mining and Processing Works, a part of Group DF, has sold its rights to use the Malyshevskoye zirconium-rutile-ilmenite sands deposit in Dniepropetrovsk region. The license dated December 31, 2004 had to be cancelled by the decision of the Council of the National Security and Defence under a case against Dmitry Firtash, but a court…
The state-owned Oschadbank has put up for sale rights to demand monetary compensation from Motronivskiy Mining and Processing Works LLC, a part of Group DF. The auction will be held on March 13 in the OpenMarket system. The starting price is 612.6 million UAH (without VAT). The works is being constructed. At the first stage,…
Group DF has invested $115.7 million into Motronovsky Mining and Processing Works.
A part of the workers of the Motronovsky Mining and Processing Works, that is being constructed, have been sent to paid vacations.
The development project of one of the most prospective titanium areas – in the region of Motrono-Annovsky is falling apart. The work has been postponed for a year.