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Article

9 Apr 2025

Author:
NADRA.info

Ukraine: Demurinsky Mining & Processing Plant reports wage arrears amid mounting losses

Allegations

[Summary translation prepared by Business & Human Rights Centre]

Demurinsky Mining and Processing Plant ended 2024 with a loss of nearly UAH 114 million, 9 April 2025

The net loss of LLC “Demurinsky Mining and Processing Plant” for 2024 exceeded UAH 113.8 million. Compared to 2023, the loss nearly doubled. This financial result was recorded despite an increase in the company’s revenue from UAH 93.3 million to UAH 218.6 million.

According to NADRA.INFO, citing data from the State Property Fund of Ukraine, the plant’s accounts payable as of December 31, 2024 amounted to UAH 148.5 million. Of this, UAH 53.6 million was owed for goods, works, and services; UAH 6.7 million to the budget; UAH 0.5 million in insurance liabilities; and UAH 1.8 million in wage arrears.