The State Property Fund says the information spread in media that the United Mining and Chemical Company ships titanium raw materials to Russia to produce planes and missiles during the war does not stand to reality. “On August 7, one of Ukrainian media spread information that “Ukraine during the war supplies titanium raw materials to…
The United Mining and Chemical Company, managing the Vilnohirsk Mining and Processing Works and Irshansk Mining and Processing Works, will improve its attractiveness for privatization by expanding its resource base. Some trials are underway to return some titanium deposits and recall licenses from other companies. But redistributing deposits and obtaining licenses is a complex process.…
Rustem Umerov, the head of the State Property Fund, said that the big privatization included the state-owned company United Mining and Chemical Company. UMCC used to export products to more than 30 countries and was one of the largest titanium raw materials manufacturers globally, occupying 4% of the world titanium ore market. In 2021, the…
The United Mining and Chemical Company intends to export 170 thousand tons of ilmenite concentrate this year. According to the State Property Fund, which manages the company, all the end customers give a 100% guarantee that the concentrate will not end up in Russia. The company believes that entering new markets and increasing output will…
In January-March, the United Mining and Chemical Company’s gross income decreased to 208 million UAH from 313 million UAH last year. In Q1 2021, the income totaled 924 million UAH. Net loss increased to 109 million UAH from 84 million UAH. Output in April-May was only 30% of the previous year level. The state mining…
The United Mining and Chemical Company intends to sell 2.1 thousand tons of scrap with the combined cost of 7.6 million UAH. The company will offer two lots in the Prozorro system. The first lot will consist of 2.09 thousand tons of 501, 502 and 503-type scrap with the combined cost of 7.2 million UAH.…
The United Mining and Chemical Company has received a license to sell electricity. UMCC was created in 2014 by merging the Volnogorsk Mining and Processing Works in Dniepropetrovsk region and Irshansk Mining and Processing Works in Zhytomir region. The enterprises produce titanium ore concentrate. In 2021, UMCC received 413.8 million UAH of net profit, up…
In 2021, the United Mining and Chemical Company paid 253 million UAH of dividends to the state. Dividends for 2020 accounted for 184 million UAH and for 2018 – 68 million UAH. Payments to all budgets in 2021 reached 873.4 million UAH, up 2.2-fold YoY. (Ukrainian metal)