Business news from Ukraine

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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FERREXPO MINING COMPANY WITH ASSETS IN UKRAINE INCREASES NET PROFIT 2.6-FOLD IN H1

Ferrexpo mining company with assets in Ukraine in January-June 2021 received $661.426 million in net profit, which is 2.65 times higher than in 2020 ($249.908 million).
According to the half year report of the company posted on the London Stock Exchange on Wednesday, its revenue for the reporting period grew by 74.3%, to $1.353 billion from $775.831 million.
EBITDA jumped 2.47 times, to $868 million from $352 million in the first half of 2020.
Ferrexpo’s capital investment in the first half of this year was $142 million, up from $96 million in the first half of last year.
Interim dividends amounted to 39.6 cents per share (in the first half of 2020 they were 13.2 cents).

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