Ukraine: SkhidGOK protected from bankruptcy until 2028

President of Ukraine Volodymyr Zelenskyi has signed the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine on Improving the Functioning of Energy Markets, Competitive Conditions for the Production of Electricity from Alternative Energy Sources and Strengthening Energy Sustainability”, adopted by the Verkhovna Rada in February. The law, among other things, provides for…

Ukraine: accident happens at VostGOK mine

On November 11, an accident happened at the Ingulskaya mine of the state enterprise Vostochiy Mining and Processing Works. A breakthrough of the hydraulic filling mixture occurred in the underground workings of the depleted block and the horizon was flooded. Four employees of the private enterprise Svitex were at the site at the moment. Two…

Ukraine: VostGOK uranium mine being flooded

In Kirovograd region, situation at the Vostochniy Mining and Processing Works mines is getting critical, the chairman of the Independent Miners’ Union of Ukraine Mikhail Volynets has said. According to him, due to the cut of electricity by Ukrenergo, the operation of the ventilation and water pumping at the mines stopped, in particular, at the…

Ukraine: VostGOK managers accused of embezzlement

In Kirovohrad region law enforcers revealed managers of the state enterprise Vostochniy Mining and Processing Works on buying metallurgical slag wastes at inflated prices. VostGOK is the largest in Europe and the only in Ukraine extractor of uranium ore and producer of uranium concentrate. According to the Economical Security Bureau, the enterprise announced tenders to…