March 4th, 2010
for the Ukrainian economy, which is “tied” to the metal, is the most important question, in whose hands will be a unique processing company stocks Kryvyi Rih oxidized ore - Krivoy Rog Mining and Processing Plant of oxidized ores (KGOKOR), is convinced the doctorof technical sciences, laureate of State Prize Ukraine in the field of science and technology, Sergei Storchak.
He recalled that KGOKOR remains the largest industrial project in Europe by volume of construction and investment of material and financial resources.
“Proved reserves of oxidized ferruginous quartzites in Kryvbas in the amount of 5 billion tons in reality may be much greater. An exact count yet no one did. But even that has already been achieved, and that 240 million tons of ore, enough the mill for many years of work. Such volumes of stockpiled ready for processing raw materials not found in any country in the world “, - the expert said in an article for The Mirror of the week.
Storchak convinced that KGOKOR for the state is a strategic target, so as to speedily resolve the issue with investments in the completion of KGOKOR (according to preliminary estimates to 1.12 billion dollars), and the mechanism of restructuring the debts of Ukraine to the countries - participants construction.
“The state still has time to think well and wisely to the benefit of the country, to resolve the issue with the investment. While it is granted approval to privatize the plant, but has not produced legal support with a detailed definition of the method and the object of privatization, qualification requirements to investors (in particular, about the experience of processing oxide ores), conditions of purchase, method of calculating the starting price “- he explained.
expert noted that with the rapid rise in price of iron ore and increasing demand for his company becomes a tasty morsel for major Ukrainian steel groups, and for foreign companies.
“The main value KGOKOR - its raw material base, owned, like the plant itself, yet the State. dispose of it even more profitable than the company itself. And while the other contenders for the KGOKOR (among them - ISD, OAO” MMK im. Illich “” Dry Beam “and” Southern GOK, Russia”s holdings Metalloinvest “and” smart groups “) persistently knocking at its main gate, a potential investor”s number one - OAO ArselorMitall Krivoy Rog” - quietly but surely comes to an object from the rear, - the expert said.
Storchak convinced that the state can not underestimate the significance KGOKOR and must devote all the strength to lift him out of years of stupor.
“Either the state, leaving behind a combine control, able to take control of the iron ore market, but with him - over the mining and metallurgical complex and build a balanced economy. Either the rest of your life will act as a” wedding general “in the inevitable corporate conflicts steel magnate for raw materials “, - the expert said.
“You have to understand: those who receive operational control KGOKOR, will do” weather “in Ukrainian industry. And not just in it” - he concluded.
Two Comrades Were Serving
After the sale ISD is a few tens of non-core businesses. What future for these assets … Russia has once again decided to overcome the green dragon … Kiev officials have developed a wage scale for inaccurate advertiscd8ers …
“Russian Alcohol” gone “Olympus”
Bank of Russia released in honor of the anniversary of a five-kilogram gold coin
In Kiev for parking on lawns fine even in winter
BYuT broke into Mezhigorie
Sorokagradusnaya basis statehood
Increased cost without advertising
Surcharge for exterior
Air disaster
Leave a Reply