Separately, in July, Ukraine’s State Property Fund plans to auction state-owned United Mining and Chemical Company, Europe’s largest miner of ilmenite, the main source for titanium oxide.
Ukraine produces 6% of global titanium ore and its proven reserves are among the world’s 10 largest. The first of this year’s ‘Big Privatizations,” the company is Europe’s only miner of rutile and zircon, reported International Mining. Information for the auction can be found at this link. Site visits are taking place. The starting price is $135 million.