President Viktor Yushchenko on Thursday met with Volodymyr Boyko (Illich Mariupol Steel Mill), Serhiy Hryshchenko (Ukrainian Association of Ferrous Metallurgy Companies), Narendra Choderi (Arcelor Mittal Kryvy Rih), Vadym Novynsky (Smart Group) and Oleh Mkrtchan (Industrial Union of Donbass) to speak about how to tackle the problem of the Kryvy Rih Ore Mining and Processing Plant, President's press office reports. 

“I want us to set it as our goal to come up with a scenario of using these capabilities in the unfinished plant of oxidized ores which would lead to it getting a real owner and to the formation of a rational competitive national market, fulfillment of social obligations and clear answers to the participants of this project regarding the way we pay off our debts,” he said, suggesting that each participant of the meeting outline his plan to develop the plant before discussing the problem at a session of the National Security and Defense Council.

Yushchenko said "a few preliminary steps have already been taken, like establishing a joint stock company to complete its construction,” but added: “…Today I want to say that lots of questions remain unanswered.”

The President said both national investors and Ukraine’s foreign partners planned to participate in this project.

First Deputy Prime Minister and Finance Minister Mykola Azarov, Deputy Prime Minister Andriy Klyuev, Industrial Policy Minister Anatoly Holovko, Anti-Monopoly Committee Head Oleksiy Kostustyev, Prosecutor General Oleksandr Medvedko and Valentyn Nalyvaichenko, acting chief of the Security Service of Ukraine, were present at the meeting.


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