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The largest copper deposit in Ukraine was sold for the third time and again more expensive than the previous one

Mining industry / Ukraine

The State Service of Geology and Subsoil of Ukraine held repeated auctions for the sale of special permits for the use of subsoil, during which the largest copper deposit in the country, located in the Volyn region, was sold for the third time.

The largest copper deposit in Ukraine was sold for the third time and again more expensive than the previous one

A plot of copper ores of the "Zalesy-Shmenky ore field", with an area of ​​2336.7 hectares, located in Volyn, was sold during an online auction for 122,222,222 hryvnia. During the auction, the selling price of the lot increased 2,871 times compared to the starting price. On previous auctions 81 million hryvnias were offered for the deposit, which were never paid by the winner to the account of the State Service of Geology and Mineral Resources of Ukraine, the organizer of the auction.

The object is provided for use for the purpose of geological study and experimental-industrial development of subsoil for a period of 5 years. Seven companies, including foreign ones, took part in the race for the right to obtain a subsoil plot for use. The victory was won by Global Analytica LLC, offering the highest price per lot.

“We are witnessing the third auction for the sale of this subsoil plot. The number of participants in each subsequent auction is constantly growing, among them the first foreign companies have appeared. Price offers are also increasing, - comments the chairman of Derzhgeonadr Roman Opimakh - We hope that this time the winner will not refuse to pay the difference between the selling price of the lot and the guarantee fee, as it happened earlier. Otherwise, it would be advisable to amend the procedure for holding auctions for the sale of special permits for the use of subsoil. ”

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