Ukraine: VostGOK merged with Energoatom

The Cabinet of Ministers has approved the merger of Vostochniy Mining and Processing Works with the national nuclear power company Energoatom. The Prime Minister Vladimir Groysman has ordered the developers of the project to work it out till the end. VostGOK is the only uranium ore miner and uranium concentrate processor in Ukraine and the…

Ukraine: VostGOK uranium concentrate output up in 2018

In 2018 Vostochniy Mining and Processing Works increased uranium oxide concentrate manufacture by 41.1% YoY, to 1.179 thousand tons.

December 2018 saw the maximum monthly output last year – 199.8 tons.

In 2017 VostGOK decreased output by 16.8% YoY, to 836.1 tons. (Ukrainian metal)

Ukraine: VostGOK orders ventilation equipment

The state enterprise Vostochniy Mining and Processing Works has ordered Poltava Ventilator Works the delivery of ventilation machinery for 37.1 million UAH. By the end of 2019 the company has to supply, assemble and commission the main ventilation machine for the Novokonstantinovskaya mine in the village of Alekseevka in Kirovograd region. The equipment has to…

Ukraine: VostGOK profit down in H1 2018

In January-June the state enterprise Vostochniy Mining and Processing Works received 13.36 million UAH of net profit, down 16.9-fold YoY. According to the company statement, its net income dropped by 23.2%, to 1.2 billion UAH. Gross profit decreased 2.5-fold, to 170.35 million UAH. Last year VostGOK received 388.94 million UAH of net profit, down by…

Ukraine: VostGOK miners injured in bus accident

A bus, transporting employees of the Ingulskaya mine of the state enterprise Vostochniy Mining and Processing Works got into a road accident in Kirovograd region. According to the Independent Miners’ Union of Ukraine chairman Mikhail Volynets, some miners were injured. “The bus was driving to the mine when it hit and overturned the truck refrigerator…

Ukraine: VostGOK trying to pay $2 million to Steuermann

The state enterprise Vostochniy Mining and Processing Works has applied to the Commercial Court of Kiev asking to unblock the payment of $1.98 million for the delivery of the uranium concentrate to Steuermann Investitions und Handelsgeselschaft GbmH. According to the court materials, Ukrgazbank, where VostGOK has some accounts, refuses to transfer $1.98 million to Steuermann.…

Ukraine: sulfur for VostGOK gets expensive

The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 92.69 million UAH. This year the company will supply 16 thousand tons of technical granulated sulfur with the purity of at least 99.98% at 5649 UAH or $212 per ton. The products will be…

Ukraine: lime for VostGOK getting cheaper

The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of lime valued at 34.34 million UAH. This year the company will deliver 15467 tons of construction lime of the second quality with 80-89% of active CaO+MgO at 2220 UAH per ton. In December 2017 the same company…