Business news from Ukraine

Business news from Ukraine

OGHK planted 108,000 seedlings on reclaimed land at Irshansk Mining and Processing Plant

PJSC United Mining and Chemical Company (UMCC Titanium) planted 108,000 seedlings and completed the annual cycle of reclamation of the depleted site of its subsidiary, Irshansk Mining and Processing Plant (IMPP, Zhytomyr region).

According to information from the company on Wednesday, the final step in this process was the biological stage with the mechanical planting of trees on areas of 29 hectares and 0.47 hectares near the village of Huta-Dobryn (Irshansk Village Council, Zhytomyr Region), where about 108,000 mixed tree seedlings were planted.

It is noted that before planting the forest, the company’s specialists carried out a complex of preparatory work: they treated the soil, applied mineral fertilizers, and prepared the area for planting tree species.

“Reclamation of disturbed land is an important element of responsible mining. For Polissya, where significant reserves of titanium ore are concentrated, this is of particular ecological importance,” the press release states.

It is specified that the forestry approach to restoration makes it possible to work effectively in areas with altered terrain, increase the forest fund, and create the conditions for the return of natural ecosystems. Over time, the new plantings will form a stable vegetation cover and contribute to the revival of local flora and fauna.

“UMCC Titanium, in cooperation with strategic investor NEQSOL Holding, will continue to adhere to the principles of sustainable development, combining efficient production with a responsible attitude towards the environment,” the company’s statement concludes.

As reported, NEQSOL Holding’s subsidiary Cemin Ukraine LLC acquired OGHK at auction on October 9, 2024, for UAH 3 billion 938 million 351.58.

NEQSOL Holding is an international group of companies with over 12,000 employees operating in 11 countries. In Ukraine, it owns the second largest mobile operator in terms of subscribers, VF Ukraine (TM Vodafone Ukraine). The founder and owner of NEQSOL Holding is Azerbaijani citizen Nasib Hasanov.

OGHK began its actual operations in August 2014, when the Ukrainian government decided to transfer the property complexes of the Vilnohirsk Mining and Metallurgical Combine (VGMK, Dnipropetrovsk region) and the Irshansk Mining and Processing Plant (IGZK, Zhytomyr region). Previously, these plants were leased to Dmitry Firtash’s structures.

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