PrJSC United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovska oblast) and Irshansk Mining and Processing Plant (IGOK, Zhytomyrska oblast), spent over UAH 37 million on equipment repairs and maintenance in January-March this year.
According to the company’s press release, active repairs and restoration of mining equipment at UMCC are underway.
It is specified that in the first quarter of 2024, one of the key areas was the repair and purchase of necessary spare parts to ensure that the equipment operated smoothly.
Thus, VGMK’s branch purchased spare parts for critical process chains, purchased 5 running parts for bulldozers, restored 5 BelAZ mining dump trucks, and put all 5 operating BELL dump trucks on line.
At the branch of IGOK, the funds were used to maintain machinery and equipment in good working order to quickly get involved in work processes if necessary.
“These measures preceded the operational launch of the enrichment production in April 2024. Thus, step by step, we continue to establish the stable operation of the company,” UMCC said in a statement.
As reported, UMCC received UAH 30 million in net profit in Q1, while in the same period last year it made a loss.
The United Mining and Chemical Company has been operating since August 2014, when the Ukrainian government decided to transfer the property complexes of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovska oblast) and Irshansk Mining and Processing Plant (IGOK, Zhytomyrska oblast) to its management. On December 8, 2016, the state-owned enterprise was transformed into PJSC UMCC, and on December 26, 2018, it was transformed from PJSC to PrJSC.
UMCC used to sell its products to more than 30 countries. The main sales markets were the EU, China, Turkey, as well as the USA and African countries.
