The Central Court of Appeals made the decision to return Zaporozhye Titanium and Magnesium Works to state ownership more than a month ago. But it still has not come into effect. The Special Anticorruption Prosecutor’s Office has asked the State Property Fund and the Prime Minister to intervene. In particular the office asks to develop…
The Central Commercial Court of Appeals has returned the Zaporozhye Titanium and Magnesium Works to state ownership under a case to cancel an agreement between the works and a Dmitry Firtash company. The company in question is Tolexis Trading Limited, registered in Cyprus. The creation of the joint venture allowed Firtash to get the works…
Zaporozhye Titanium and Magnesium Works has ordered the Khimvector LLC the delivery of ilmenite valued at 20.7 million UAH. This year the company has to deliver 3 thousand tons of ilmenite concentrate according to TU U 13.2-30912734-001:2011 with the undisclosed content of TiO2 at 6900 UAH or $244 per ton to the Zaporozhye Levoye station.…
Under the request of the General Prosecutor’s Office of Ukraine the ex-CEO of Zaporozhye Titanium and Magnesium Works Vladimir Korolkov has been detained in Moscow. Korolkov has been declared wanted in 2017 under the investigation of embezzlement of 492 million UAH (14.8 million euro) granted for the modernization of the enterprise. Korolokov has been working…
The commercial court of the Zaporozhye region has satisfied the claim of the Special anticorruption prosecutors office to Toleis Trading Limited, a part of Dmitry Firtash’s Group DF, on the cancellation of the agreement with the State Property Fund of Ukraine on the creation of the Zaporozhye Titanium and Magnesium Works LLC on the basis…
Zaporozhye Titanium and Magnesium Works has ordered Khimvektor LLC the delivery of ilmenite valued at 88.68 million UAH. This year the company will supply 10 thousand tons of ilmenite concentrate with TiO2 contents of 57.5% at 5982 thousand UAH per ton and 5 thousand tons of concentrate with TiO2 of 55.5% at 5772 UAH per…
Zaporozhye Titanium and Magnesium Works has ordered Mars-A LLC the delivery of coal valued at 8.98 million UAH. This year the company has to supply 1500 tons of AM coal at 5986 UAH per ton, or $226 per ton. In October the same company sold coal of unknown grade to ZTMK at 5405 UAH per…
Zaporozhye Titanium and Magnesium Works has concluded an agreement with Khimvektor LLC for the delivery of ilmenite worth 13.38 million UAH. This year the company will supply 2 thousand tons of ilmenite concentrate at 6690 UAH per ton, or $252 per ton. According to official sources, in October ilmenite concentrate was exported from Ukraine at…