KYIV, July 12 – The Ukrainian government on Friday approved the privatization terms of United Mining and Chemical Company (UMCC), which manages the Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and the Irshansk Mining and Processing Plant (Zhytomyr region), setting a starting price of UAH 3.899 billion.

"Take into account the starting price of the share package determined by the advisor – BDO Corporate Finance LLC – at UAH 3.899 billion," the government said in its directive No. 643 dated July 12 posted on its website.