Legal extraction of amber in Ukraine has increased by 1,400%; the state issued more than 400 permits for subsoil use. Last year, the amount of legal amber mining in Ukraine reached 39.2 tons, 1,400% more than in 2019 before the law that legalized its mining came into force, reported the State Geology and Subsoil Serv... #AmberMining #AmberSalesUkraine #MIningMineralsUkraine #StateGeologySubsoilService
Despite the war, 75% of industry companies continue to invest in Ukrainian subsoil. According to an EBA study, among the surveyed companies of the association 74% continue to invest in Ukrainian subsoil during the war, 18% have not yet made an investment decision, and only 8% are cur... #InvestmentsinUkraine #MiningCompanyUkraine #MIningMineralsUkraine #UkraineSubsoil
A Turkish company, Onur, has purchased a granite mine in the Rivne region. The Onur group bought the Rokytnivsky special quarry, which mines granite, granodiorite, and gabbro-diabase, according to YouControl data. In May 2023, Onur Construction International became the sole ... #GraniteMining #MIningMineralsUkraine #OnurGroup #RokytnivskySpecialQuarry
There are $15 trillion in minerals in Ukraine, most of which are in regions affected by Russian hostilities. In particular, Forbes Ukraine calculated that the value of all minerals in Ukraine is $14.8 trillion, with more than 70% of the reserves located in three regions – Donetsk, Luhansk, and Dniprop... #MineralsofUkraine #MIningMineralsUkraine
President Volodymyr Zelenskyy has signed a law to improve subsoil use legislation. Its goal is to create a transparent system of subsoil use, reduce excessive state influence on the industry, increase competition, and legalize relations in the field of subsoil use. The law allows th... #MIningMineralsUkraine #UkraineSubsoil #Zelenskyy
Ukrainian Parliament supported the general bill № 3790 on improving the mechanism of transparency in the extractive industries . The main norms of the draft Law envisage the implementation in Ukraine of the provisions of the updated International Standard of the Extractive Industries Transparency Initiative, which was approve... #Mining #MiningLaw #MIningMineralsUkraine
Long term investment in Ukraine’s mining sector could generate $400 billion over the next decade, said the Prime Minister, Shmygal. Goals should be: double exports, cut imports by two thirds, and expand mineral processing. He said, Ukraine should aim to be a full partner of the EU in the extractio... #MiningInvestmentsUkraine #MIningMineralsUkraine #MiningUkraine