Rus News Journal

The court has cancelled procedure of sanitation KGOKORa

Today, on December, 4th, it became known that the Dnepropetrovsk appeal economic court has cancelled sanitation Krivorozhsky is mountain - concentrating industrial complex of the oxidised ores (KGOKOR), and also has abolished the decision of Economic court of the Kirovograd area from June, 16th, 2009 with which the petition of committee of creditors concerning introduction of procedure of sanitation of the debtor (KGOKOR) and appointments operating sanitation of the enterprise of arbitration managing director Alexander Baranovsky was satisfied.

as it is informed in a press - release of Minprompolitiki, the court has made the decision on cancellation of procedure of sanitation on December, 2nd, in particular, having satisfied appeal complaints of Minprompolitiki, the Kirovograd regional sector concerning bankruptcy and GP Management KgOkOra .

Building KGOKORa has begun in 1985. After disintegration of the USSR by its assignee there was Ukraine. Thus in May, 2007 Slovakia has refused participation in the project of end of building KGOKORa, however would like to receive within the limits of calculations for the share money resources or the goods. In the end of October, 2007 Romania also has declared absence of interest in the further building KGOKORa and intention to return the investments.

the total amount of the investments necessary for end of building and commissioning KGOKORa, according to preliminary data, makes about $800 million

Ukrainian the Smart - groups and Russian metalloinvest have created specially for project realisation on end of building KGOKORa Open Company Ukrainian rudno - the metallurgical company (URMK), in the end of 2008 having confirmed the interest in the given object. At the same time Open Society Arcelor Mittal Krivoi Rog Has declared the decision to suspend participation in long-term investment projects, including - in end of building KGOKORa in communication by situation deterioration in branch.

Interfax - Ukraine