“Demurinsky Mining and Processing Plant” LLC (MMPP, Dnipropetrovsk Oblast), which extracts titanium and zirconium ores and was confiscated from Russian billionaire Mikhail Shelkov, increased its net loss by 2.5 times in 2025 compared to 2024—to 278.673 million UAH.
According to information from the State Property Fund, net revenue from the sale of products (goods, works, services) last year decreased by 15%—to UAH 154.067 million.
The main type of activity is the extraction of other non-ferrous metal ores (activity code under the Classification of Economic Activities: 07.29).
Demurinsky GOK LLC is one of the largest mining and processing enterprises in Ukraine. Registered on May 30, 2001, the company has been developing the Vovchanske complex placer titanium-zircon deposit in the Dnipropetrovsk region (Northern and Central deposits) since 2006.
Preliminary beneficiation is carried out at the open-pit mine, followed by mineral separation at the processing plant. The reserves of ore sands in the deposit, categorized as B+C1, amount to 22.8 million cubic meters with an average grade of 9%: 1,614 thousand tons of ilmenite, 520 thousand tons of rutile, and 181 thousand tons of zircon.
The company holds a special subsoil use permit for the extraction of titanium-zirconium ores suitable for the production of zircon, rutile, ilmenite, disten-silimanite, and staurolite concentrates. The permit is valid until July 29, 2031. The company also holds permits for discharges, water use for high-risk operations, and others (total number of permits: 23).
Main product range: KDSZ distene-selimanite concentrate; ilmenite concentrate; rutile concentrate; staurolite concentrate; KTSZ zircon concentrate.
The asset (single lot) includes: 100% corporate rights and claims.
As of December 31, 2025, the GZK’s accounts payable amounted to UAH 142.504 million.
The state’s share in the LLC is 100%.
The LLC’s authorized capital is UAH 39,621,414 thousand.
