Ukraine to decide on Krivoy Rog iron ore plant

The Ukrainian government is likely to decide on the future of the incomplete Krivoy Rog Oxidized Ore Mining and Beneficiation plant, the only government owned ore mining enterprise, on 12 April. About this announced Yriy Ehanurov, Ukraine's Prime Minister, after the meeting of the Economic Policy Committee on 5 April. Now, Krivoy Rog Iron plant is owed jointly by Ukraine, Romania and Slovakia, and the final decision is likely to be taken only after consulting Romania and Slovakia. The optimal decision for the government is to privatize only Ukrainian part of the enterprise unilaterally and to give investors a chance to buy remaining parts from Romania and Slovakia without auction. The main candidate to buy Krivoy Rog iron ore plant is Mittal Steel.