The State Property Fund intends to privatize Mykolaiv Alumina Plant that previously belonged to the Russian oligarch Oleg Deripaska. According to the decision of the Supreme Anticorruption Court, 100% of the company corporate rights belonging to Deripaska were transferred to the state. Moreover, more than 150 buildings and 200 transport means were also confiscated. The…
Mykolaiv Alumina Plant, used to belong to Rusal, has been transferred to the management of the State Property Fund of Ukraine. “The nationalization of another asset of the Russian oligarch Oleg Deripaska has been completed,” the Fund said. Deripaska has been controlling NGZ since early 2000s. This is one of the largest enterprises of the…
At present there is no opportunity to launch Mykolaiv Alumina Plant, as a systemic work is needed, which envisages construction of an additional manufacturing line. NGZ produces alumina for another enterprise located in Russia. But the government has a plan, according to the head of the Mykolaiv regional military administration Vitaliy Kim. He believes the…
The issue of the resumption of the operation of the Mykolaiv Alumina Plant is urgent. “We have good news on NGZ, but it will be announced later. Now we have a task to resume its operation. People must work there and receive salary. At present an appeal from the owner is being reviewed. After that…
In 2017 Nikolaev Alumina Works produced 1.676 million tons of alumina, up by 10.95% YoY. Last year the company finished the project to increase alumina output to 1.7 million tons. Investments in 2015-2017 totaled $10.3 million. Alumina manufacture plan has been exceeded by 2.8%, or by 45.5 thousand tons. (Ukrainian metal)
The representatives of the new owner of Nikolaev Alumina Works – Glencore – have promised to comply with the current contracts and keep jobs. “Glencore representatives arrived at the plant. They were shown around the enterprise and hold negotiations with the management. Glencore has confirmed that the transition period will last for some 6 months”,…
The general manager of Nikolaev Alumina Works Dmitry Mirny has informed the employees of the change of the owner: the Swiss Glencore buys the plant from Rusal. “We expect a visit of Glencore specialists soon. According to our information, Rusal is negotiating retaining alumina supplies with Glencore”, he said. “All the rights of the employees…
The main owner of Rusal Oleg Deripaska will retain control over Nikolaev Aluminum Works, which it has sold to Glencore. Deripaska’s En+ Group concluded a non-binding agreement with Glencore to exchange the Swiss corporation 8.75% of Rusal shares (through Amokenga Holdings Ltd) for En+ shares (owns 48.13% in Rusal). The parties agreed that Glencore would…