Ukraine to auction titanium and zirconium miner in August
2021-06-24 14:50:39 [Print]
Ukraine plans to auction Europe's largest titanium and zirconium miner, United Mining and Chemical Company (UMCC), on Aug. 31, the head of its state property fund said on June 22.
If UMCC is sold, it will be the first successful privatisation auction of a large state-owned enterprise since a 2014 uprising led to pro-Western leadership in Ukraine. It is said that the starting price for 100% of UMCC had been set at 3.7 billion hryvnias (about $136 million).
Ukraine aims to raise about 12 billion hryvnias by selling state assets in 2021 to partially finance the state budget deficit.
If UMCC is sold, it will be the first successful privatisation auction of a large state-owned enterprise since a 2014 uprising led to pro-Western leadership in Ukraine. It is said that the starting price for 100% of UMCC had been set at 3.7 billion hryvnias (about $136 million).
Ukraine aims to raise about 12 billion hryvnias by selling state assets in 2021 to partially finance the state budget deficit.
Ilmenite Conc Mozambican TiO2 52%min, Fe2O3 25%max CIF China
Unit:USD/mt
China titanium concentrate producers' operating rate statistics by province by month
Unit: %
