Foreign mining investors are watching the experience of Avellana Gold, Ukraine’s only working gold mine, according to the Global Mining Review, a UK-based news site. Founded by Brian Savage, an American, Avellana had finished the construction of a new gravity plant in 2019, when corporate raiders attacked, aided by corrupt lower courts in Zakarpattia. Avellana prevailed in higher courts, partly with the help of Ukraine’s international business associations and with the support of higher officials. Today, the company is developing its Muzhieva deposit, located 40 km south of Mukachevo and believed to hold 55 tons of gold and 1 million tons of zinc and lead.
Foreign mining investors are watching the experience of Avellana Gold, Ukraine’s only working gold mine
