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Sunday, February 6, 2011

Metalloinvest mining mulling KGOKOR project participation

Sunday, 06 Feb 2011
Ukrainian Journal reported that Russia Metalloinvest mining and metal holding is still considering taking part in the project to complete the Kryvy Rih oxidized ore mill also known as KGOKOR.

A January 28 report of Ukraine’s Antimonopoly Committee says that Russia CJSC Metalloinvest applied to the committee regarding the purchase of a 25% stake in Ukrainian Ore Metallurgical Company Ltd created on the parity basis with Smart group to complete KGOKOR.

The report said "A permit to buy a share in Ukrainian Ore-Metallurgical Company Ltd was given to CJSC Metalloinvest which grants it over 25% of the votes in the governing body of the company."
(sourced:Ukrainian Journal)

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