Ukraine: UMCC corporatisation started
The state enterprise United Mining and Chemical Company will become a joint-stock company.
The state enterprise United Mining and Chemical Company will become a joint-stock company.
The Ministry of economical development and trade expects the United Mining and Chemical Company to receive 631.8 million UAH of profits in 2015.
In 2015 United Mining and Chemical Company plans to receive 500 million UAH of profits.
The Cabinet of Ministers of Ukraine has decided to turn the United Mining and Chemical Company as well as the Research and Design Institute of Titanium from the state enterprises into the public joint-stock companies, with 100% shares owned by the state.
The Ministry of economic development and trade reported finding violations in the operation of the United Mining and Chemical Company.
The state enterprise United Mining and Chemical Company believes the investigation of the illegal mining of mineral deposits by its officials is a pure action to destabilize its operation.
The state enterprise United Mining and Chemical Company has received a real control over Zaporozhye Titanium and Magnesium Works.
The General Prosecutor’s Office is investigating the illegal mining of mineral resources by the state enterprise United Mining and Chemical Company.