The Irshansky GOK Branch of JSC United Mining and Chemical Company (UMCC) presented, for the identification, collection and consideration of comments and suggestions from the public, a Report on the assessment of the environmental impact of the planned activity, which consists in cutting down forest stands (forest clearings) for geological exploration work with the aim…
The United Mining and Chemical Company (UMCC) plans to receive the mineral reserves assessment report ordered in the summer of 2025 according to international standards in the second half of 2026. This was stated by Volodymyr Lavrenchuk, regional director of NEQSOL Holding Ukraine. “Representatives of the company Micon International, working on this, visited Ukraine in…
The new owner of the United Mining and Chemical Company, the Neqsol Holding, has ordered a professional evaluation of the privatized company according to JORC standards. The agreement was concluded on July 11 with Micon International. The company has carried out over 800 projects across the globe. Micron has to study the main manufacturing assets…
NEQSOL Holding, which has bought the United Mining and Chemical Company, will focus on the development of the asset and will look for new deposits. “We understand that UMCC has reserves for the medium-term. The enterprise continues operating and there is no high dependence on reserves now. But we will develop and look for promising…
At a meeting on October 11, the Government decided to sell the state-owned stake in the United Mining and Chemical Company (UMCC) for almost UAH 4 billion. This was announced by Prime Minister Denys Shmyhal. He reminded that last week an auction had been held to privatize the state-owned UMCC, Ukraine’s major titanium ore mining…
NEQSOL Holding has applied for participation in an auction to sell 100% of shares of the United Mining and Chemical Company JSC shares. Cemin Ukraine LLC, controlled by NEQSOL Holding, was the only participant of the auction scheduled for October 9 with the offer of 3.938 billion UAH. The starting price was 3.899 billion UAH.…
The State Property Fund explained why the Demurinsky Mining and Processing Works LLC was not auctioned together with the United Mining and Chemical Company JSC. The key reason was the preparedness for privatization. UMCC was already prepared for the auction, while adding DGOK would have delayed the process. Moreover, consultations with promising buyers showed that…
The United Mining and Chemical Company, that Ukraine intends to privatize, has received a large order from the USA. The company has resumed titanium-containing ore extraction at Irshansk Mining and Processing Works. IrGOK suspended operation in October 2022 due to the absence of contracts for ilmenite concentrate. In summer 2023, UMCC reported on the relaunch…