KYIV, July 15 – The buyer of United Mining and Chemical Company (UMCC) will have to annually, from the moment of obtaining the right of ownership, make capital investments in its technical re-equipment and modernization in the amount of at least UAH 50 million until UAH 400 million is reached, the corresponding conditions for privatization are set by Order of the Cabinet of Ministers No. 644 of July 12.
According to the document published on the government portal, the new owner is also entrusted with the obligation to develop a project for the conservation and reclamation of the sludge reservoir in the Morhunka beam and its implementation in accordance with the company's plans, as well as the reconstruction of the existing sewage treatment facilities of the Vilnohirsk Mining and Metallurgical Combine branch (Dnipropetrovsk region) during 2025-2027.
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