Yuzhniy Mining and Processing Works has invested almost 400 million UAH in the modernization of the technological section No. 13 of its ore-processing factory. This is one of the largest investment projects of UGOK in 2019. The work started last autumn, and so far new equipment has been assembled at almost all sites. Until 2022…
Shareholders of the Yuzhniy Mining and Processing Works intend to spend a part of profit for 2018 (7.133 billion UAH) to pay dividends. This amounts to 4.484251 UAH per ordinary share. The issue will be discussed at the meeting scheduled for July 19. (Ukrainian metal)
In June Yuzhniy Mining and Processing Works produced 997 thousand tons of concentrate, down by 0.9% YoY. At the same time the manufacture of sinter increased by 17.7%, to 103.7 thousand tons. In January-June UGOK produced 6275.6 thousand tons of concentrate, up by 3.6% YoY. But the sinter manufacture dropped by 25.3%, to 668.7 thousand…
Yuzhniy Mining and Processing Works has repaired the technological section No. 13 of its ore-processing factory No. 2. Investments in modernization totaled 400 million UAH. All the technological sections at its 2 factories UGOK will modernize until 2022. The work started last autumn. This year it is planned to spend some 2.5 billion UAH on…
The commercial court of the Dniepropetrovsk region has satisfied the claim of Spirit Finance LLC to the Yuzhniy Mining and Processing Works and decided to recover 1.3 billion UAH from the latter. In September 2017 the UGOK shareholders decided to pay dividends of 16.16 billion UAH (10.16 UAH per ordinary share). In due time the…
Wadless Holdings Limited (Cyprus) has filed a claim to the Yuzhniy Mining and Processing Works demanding the recovery of the debt on dividends valued at 132.32 million UAH. The company owns 21.16 million shares of UGOK and thus is entitled to the dividends of 132.32 million UAH (6.25 UAH per ordinary share), according to the…
In January-March Yuzhniy Mining and Processing Works increased iron ore concentrate manufacture by 5.7% YoY, to 3.183 million tons. At the same time sinter output dropped by 36.4%, to 331.8 thousand tons. In March UGOK produced 1.09 million tons of concentrate and 120.2 thousand tons of sinter, up by 5.1%, but down by 47.8% YoY…
Evraz is selling 1% of the Yuzhniy Mining and Processing Works to its shareholders. The cost of the deal is $32.3 million. The shares will be purchased by Lanebrook Limited. Evraz bought 1% of UGOK in 2008 for $38 million. In 2018 UGOK produced 12.2 million tons of concentrate and 1.7 million tons of sinter.…