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10 July 2026, 11:24
More than half a million metric tons of raw materials from the Mykolaiv Alumina Plant are being prepared for sale
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The State Property Fund of Ukraine has begun searching for potential buyers for a large batch of confiscated bauxite and alumina stored on the premises of the Mykolaiv Alumina Plant.
This was reported by the State Property Fund.
The raw materials in question were forfeited to the state by the High Anti-Corruption Court. More than 441,000 metric tons of bauxite from various sources and more than 110,000 metric tons of alumina are being prepared for sale.
Specifically, the state plans to sell more than 111,400 metric tons of bauxite from the Kindia deposit in Guinea,
69,300 metric tons from the Avaso deposit in Ghana, and 18,700 metric tons from the Juruti deposit in Brazil.
In addition, more than 124,200 metric tons of bauxite from the Dian-Dian deposit in Guinea and 117,500 metric tons of raw material from the Trombetas deposit in Brazil are being prepared for sale.
In addition, potential buyers will be offered more than 60,9 thousand metric tons of metallurgical alumina and about 49,7 thousand metric tons of processed alumina.
The State Property Fund noted that preparations are currently underway to ensure the transparent sale of the sanctioned assets. At the same time, the Fund has already begun searching for potential buyers.
Companies and enterprises interested in purchasing raw materials may submit letters of interest to the State Property Fund.
The Mykolaiv Alumina Plant is one of Europe’s largest producers of alumina, which is a raw material used in aluminum smelting. The plant halted production after the start of the full-scale war.
The plant was previously controlled by Russian oligarch Oleg Deripaska. In 2023, the High Anti-Corruption Court seized the company’s assets for the state, after which they were transferred to the State Property Fund’s management.
In June 2026, the Fund completed the consolidation of MGZ’s assets into a single property complex: real estate and vehicles were transferred to the company’s authorized capital. Following this, the State Property Fund began preparing the plant for privatization.
The plan is to sell the Mykolaiv Alumina Plant at auction by the end of 2026. The estimated starting price for the company is 6.27 billion hryvnias. Separately, the government is preparing to sell confiscated bauxite and alumina stored on the plant’s premises.
One of the key issues regarding the future sale remains the maintenance of slurry ponds and the environmental safety of the surrounding areas. Authorities have stated that these obligations must be taken into account in the terms of the plant’s privatization.
