Privatization of Ukrainian mine Ukrrudprom approved

Privatization of Ukrainian mine Ukrrudprom approved

According to statement released by Ukrainian government, privatization of mining giant Ukrrudprom is approved on May 26, 2004. It is stated that, the terms of privatization will be clarified within three weeks. Privatization includes other mining companies managed by Ukkrudprom, such as Krivoy Rog State Mine, Tsentralny GOK, Severny GOK, Inguletsky GOK, Sukhaya Balka and Yuzhny GOK mines, in which Ukrrudprom holds 100%, 50%, 50%, 37.57%, 25% and 25% respectively.