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According to the International Telecommunications Service, the National Geological and Subsoil Agency of Ukraine is expected to attract about $10 billion in investment for the development of mineral deposits in key and strategic minerals, particularly lithium, titanium, uranium, nickel and cobalt.
Roman Opimakh, the head of the agency, announced the plans Tuesday as he presented Ukraine’s investment potential at a press conference on “Future Minerals”.
According to the speaker, the agency intended to attract investors to participate in mineral development through transparent auctions of mineral-bearing plots.
“According to our estimates, their overall development will attract more than $10 billion in investment in Ukraine,” Opimakh said in the report.
Opimakh made it clear that, since mineral mining projects are long-term, the implementation of mineral mining projects will be carried out at least in the next five years.
Ukraine has large deposits of non-ferrous metals. Particularly, Ukraine is one of the top ten countries with proven reserves of titanium ore in the world.
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- [Editor:wenxin]
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