Business news from Ukraine

Kovalska acquires second permit for Korosten granite deposit

PJSC Transnational Corporation Granit of the Kovalska Industrial and Construction Group owned by Oleksandr and Serhiy Pylypenko won the State Service of Geology and Mineral Resources auction for the sale of a special permit for the extraction of granite from the Korosten-Shchorsivska-II area of the Korosten deposit (Zhytomyr region). NADRA.INFO reports citing data from the UBIZ.ua platform, accredited by Prozorro.Sale.

The auction took place on Friday, 12.07.2024 (NADRA.INFO announced the auction). The only competitor to TNK Granit was I.B.K. Development LLC owned by Oleksandr Lukianets, Oleh Volyntsev, and Vitaliy Zhukovsky.

The auction was the second repeat and started at UAH 5,898,024.89. This is twice less than the initial cost of the first auction (UAH 11,796,049.78), which did not take place on 06.06.2024, and a quarter less than the repeated auction on 06. 25.2024. It is worth noting that during previous attempts, TNK Granit could not buy the special permit because it was the only bidder (the procedure requires at least two bidders).

During today’s auction, the participants did not bid. The final bids (aka initial bids) are as follows:

  • I.B.K. Development LLC – UAH 5,898,024.89;
  • PrJSC TNK Granit – UAH 5,998,024.89 (the winner).

The bidding is available here. If the winner refuses to buy the lot, it will forfeit UAH 11,796,049.78 of the guarantee fee.

TNK Granit has been developing the neighboring Korosten deposit since 2006. As we wrote earlier, open sources show that Kovalska’s group controls such mining facilities (some of which we wrote about here and here):

  • Rozvadiv Construction Materials LLC: sand and limestone – Rozvadivske deposit (Lviv region);
  • Transnational Corporation Granit PrJSC: granite – Korostenskoye deposit (Zhytomyr region, see above);
  • Omelyanivsky Quarry LLC: granite – Berezivske deposit (Zhytomyr region);
  • Pivden Budresurs LLC: sand – Zhavynska area (Desna riverbed, Chernihiv region);
  • Bootside LLC: sand – Novo-Ukrainske deposit, Vostochna area (Dnipro riverbed, Kyiv region);
  • SandContract LLC: sand – Osokory area (Dnipro riverbed, Kyiv);
  • Rivne-Budmaterialy LLC: sand – Yushkivska area; sand – Protsivske deposit, Pivnichna and Pivdenna areas (Dnipro riverbed, Kyiv region);
  • Kakhovka Budresurs LLC: sand, Malokakhovska area (Kherson region);
  • Energy Product LLC: drinking and technical groundwater – Novokakhovske field (Kherson region).

https://nadra.info/2024/07/kovalska-buys-a-second-special-permit-for-the-korosten-granite-deposit/

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Turkish Onur Group buys Ukrainian granite mining company

Turkey’s Onur Group has acquired Rokytnivsky Spetskarier LLC, which produces granite, granodiorite and gabbro-diabase at the Rokytnivsky deposit in Rivne region.

According to Nadra.info, in May 2023, Onur Construction International LLC became the sole participant of Rokytnivsky Special Quarry LLC, and on June 1, Turkish citizens Iskhan and Onur Cetinjeeviz were named as the ultimate beneficiaries of the quarry.

The former co-owners of the company were Inna Samoilik and Ihor Vivchar, the latter being the director of Rokytnivsky Special Quarry.

According to the protocol of the State Commission of Ukraine for Mineral Resources dated June 15, 2017, the reserves of Rokytne deposit amount to 9.6 million cubic meters. The special permit for subsoil use issued to Rokytnivsky Special Quarry is valid until 2038.

According to the publication, as of August 2023, Onur Group controls eight mining assets in Ukraine.

Source: https://nadra.info/2023/08/onur-acquired-another-mining-company-in-ukraine

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