Foreigners are interested in investing in the Ukrainian mining industry.

2023 saw increased interest in subsoil use and extraction on the part of companies and business people who had not previously engaged in such activities or considered this type of activity to diversify their business.

In this context, the Turkish Onur Group announced plans to invest $50M to develop a graphite deposit north of Khmelnytskyi. In addition, the company acquired the Rokytniv Special Quarry, a granite mine in the Rivne region.

At the same time, BGV Group Management has invested more than $100M in mining projects since 2015. Moreover, in 2023 the company intensified its activities in this direction. It intends to start sand mining in the Zhytomyr region and develop uranium deposits in the Mykolaiv Region.

Dragon Capital also increased its influence on the mineral water market in 2023. After purchasing the assets of the T.S.B. Firm, Dragon Capital already owns nine permits for extracting mineral water in the Lviv Region.