First U.S. Investment Visit Explores Mineral Opportunities in Central Ukraine
Together with the delegation from the U.S. International Development Finance Corporation, Ukrainian officials inspected potential sites for investment in mineral extraction and processing in the Kirovohrad region.
The Gaze reports on it, referring to a message made by Oleksiy Sobolev, Minister of Economy, Ecology, and Agriculture of Ukraine, on Facebook.
Among the sites visited were the Birzulivsky Mining and Processing Plant and the Likarivske deposit, which are planned to be included in the Fund's project portfolio.
“Titanium ore is primarily mined here, and zirconium ore is also planned to be mined in the future. There are also potential deposits of hafnium, a rare earth metal used in nuclear energy, aerospace, and other industries,” said Oleksiy Sobolev.
Ukraine is one of the world's key suppliers of titanium, which is used in the defense, aerospace, and high-tech industries.
“It is in high demand in the US, Europe, and Latin America,” he added.
According to the minister, such trips are important for assessing the potential on the ground and taking into account all aspects of future investments.
In particular, this is important not only for promoting economic development but also for a responsible attitude towards the environment and community development.
During the visit, the group also met with Andriy Raikovych, head of the Kirovohrad Regional State Administration, and local government officials to discuss important issues related to subsoil use, water resources, forests, and natural areas.
Read more on The Gaze: Lithium Production: Ukraine’s Chance to Strengthen Europe’s Resource Independence.