For the first time in history: rental Krivoy Rog mine put on the electronic auction

Впервые в истории: аренда криворожского рудника выставлена на электронный аукцион

The state property Fund of Ukraine has exposed on auction the extension of the lease of the open mine in Krivoy Rog (integral property complex of the State research and production enterprise (SSPE) “Ukrmekhanobr”).

As reported on the website of the SPF since 2005, the tenant is “Mariupol metallurgical Ilyich iron and steel works” (MMK), which is owned by “Metinvest” Rinat Akhmetov and Vadim Novinsky.

By results of auction in the electronic trading system Prozorro.Sale the lease of this facility may be extended with the current tenant or will be signed with the new tenant.

In addition, that this Treaty is in the top 30 major contracts for the lease of state property of Ukraine, and for the first time in the history of the extension of the lease is held in electronic trading. The rent is 12 million UAH. annually.

The Publication Of The Censor.NO reported that in the summer of 2016 the economic development Ministry has repeatedly stated that it does not intend to renew the lease of the property complex “Ukrmekhanobr” MMK im. Lenin, did not rule out his rent or privatization in the future. Metinvest, in turn, called the decision a “hostile takeover attempt”.

MMK im. Lenin also asked the court to recognize the right of companies to extend the lease until 2027.

“Ukrmekhanobr” provides 90% of the needs of the blast furnace shop of MMK im. Lenin and 40-50% of the needs of its sinter plant in the ore. The rental payment for the use of state of the GOK for 11 years amounted to UAH 36 mln.