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Mineral resources can become a driver of the Ukrainian economy - head of the State Geological Survey Roman Opimakh

Mining industry / Ukraine

The State Service of Geology and Mineral Resources of Ukraine will put up for auction plots with deposits of lithium, titanium, non-ferrous and rare-earth metals by the end of 2021.

Mineral resources can become a driver of the Ukrainian economy - head of the State Geological Survey Roman Opimakh

The State Service of Geology and Subsoil of Ukraine in the first quarter of 2021 sold 50 lots at five auctions, the price of which during the auctions increased by an average of one and a half times. This is 73% of the total bids submitted. The re-bidding for the remaining lots will take place in the second quarter of 2021.

“For the first quarter of 2021, e-tenders were announced for a larger number of subsoil plots than for the entire last year. It is expected that the number of lots sold will double, exceeding one hundred, ”said Roman Opimakh, head of the State Geological Survey.

Among those put up for auction in the first quarter there are plots with deposits of groundwater, amber, copper ores, iron ores, peat, coal, graphite, granite, labradorite, liparite, pegmatite, sand, sandstone, sand-gravel mixture, quartz sand, limestone, chalk, clay, saponite, kaolin.

According to the results of the auctions in 2021, the most popular mineral in Ukraine is amber - 21 lots have been sold. A plot with graphite deposits was sold at the highest price - UAH 44.8 million. The largest increase in prices was demonstrated by the copper ore section. Its price increased 483 times - up to UAH 20.5 million.

“The State Service of Geology and Subsoil is constantly working on the creation of new proposals. By the end of the year, sites with deposits of lithium, titanium, non-ferrous and rare-earth metals will be offered. Under such conditions, the subsoil can become a driver of the Ukrainian economy, because jobs are created, infrastructure develops, taxes are paid, ”said Roman Opimakh.

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