Gold, building materials, energy: What investments does Turkish Onur Group have in Ukraine?

Onur Group has halted gold mining at the Zhovtovodska gold-ore area in the Dnipropetrovsk region due to the deposit’s lack of prospects. The company anticipated extracting about 4.5 grams of gold per ton of ore, but the actual yield was only 1.4 grams per ton. In 2021, the Onur subsidiary even filed a lawsuit with the State Service for Geology and Mineral Resources, seeking compensation for discrepancies in reserve data. However, in April 2025, the company withdrew the lawsuit and chose to engage with the state agency in a “constructive dialogue.”

Currently, Onur Group’s greatest hopes are pinned on a graphite deposit in the Khmelnytskyi region. The company intends to begin commercial mining in 2026.

Additionally, the Ukrainian subsidiary of Onur Group has invested over $35M in expanding the capacity and modernizing the processes of its EFE building materials production unit during the war. Specifically, nearly $15M was allocated to the ACTU dry mix plant, enabling the expansion of the product range to 12 types, with plans to increase it to 50.

Onur Group Ukraine has also raised its planned investment in green energy to $450M by 2030, up from the previous plan of $260M.

Furthermore, the Onur Group won a €600M tender to construct a high-speed highway in Romania and plans to involve its Ukrainian division in the work.