Planning a series of license auctions for this year, Ukraine has prepared an Investment Atlas with approximately 30 critical mineral assets

Thursday, May 13, 2021

, including titanium, lithium, nickel, cobalt, chrome, tantalum, niobium, beryllium, zirconium, scandium, molybdenum, gold and graphite, Opimakh said to S&P. Five gold blocks are to auctioned. “Ukraine has the potential to become a significant gold producer,” he said. For most metals, exploration licenses are for five years, and development licenses are for 20.

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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.

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Noting “Ukraine has some of Europe's biggest lithium reserves, but doesn't currently produce the light metal,” S&P stresses Ukraine’s proximity to the EU and the free trade pact.

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