MINEX Forum

Tag: The State Property Fund of Ukraine

  • Ukraine: NGZ transferred to state management

    Ukraine: NGZ transferred to state management

    Mykolaiv Alumina Plant, which used to belong to Rusal, has been transferred to the management of the State Property Fund of Ukraine.

    “The nationalization of another asset of the Russian oligarch Oleg Deripaska has been completed,” the Fund said.

    Deripaska has been controlling NGZ since the early 2000s. This is one of the largest enterprises of non-ferrous metallurgy in Europe. Since 2022, its operation has been suspended.

  • The State Property Fund of Ukraine has sold the Murafskiy limestone quarry

    The State Property Fund of Ukraine has sold the Murafskiy limestone quarry

    The State Property Fund of Ukraine has sold the Murafskiy quarry in the Vinnytsia region for 25 million UAH. Three investors participated in the trade.

    As a result of the auction, the initial price grew 5-fold.  In addition to 25 million UAH, the winner of the auction has to pay more than 11 million UAH of the company’s debts to the budget and employees.

    Limestone extraction at the quarry was suspended 10 years ago.