Tomorrow Ukraine will sell the rights to the largest titanium ore deposit - Gosgeonedra
On April 14, online auctions will be held for the sale of 13 subsoil plots, among which there is the Selishchansky site with deposits of titanium ores, according to the State Service of Geology and Subsoil of Ukraine (Gosgeonedra). The object is located in the Zhytomyr region, its area is 1,857 hectares.
The total thickness of productive rocks of the Selishchansky area ranges from 1.0 to 18.5 m with an average thickness of 10.0 m (5.5 m in alluvial sediments and 4.5 m in the weathering crust). The ilmenite content is at the level of 50-70 kg /m3. The productive horizons lie at different depths - in the northern part of the placer and on its sides, they are overlain by an 8-12 meter stratum of barren rocks, in the southern and central parts, the thickness of barren rocks reaches 20-25 m and on average for the placer is 13 m. were not carried out within the Selishchansky area.
Geological exploration in 2007-2011 within the framework of the Selishchansky site, the state enterprise "Ukrainian Geological Company" was carried out according to the results of which it was recognized as promising for further geological study.
“We have prepared for auction and published in the Atlas nine sites with titanium ore deposits. For one of them - the Selishchansky site - the auction will take place on April 14. A special permit for geological exploration and pilot development is offered for 5 years. The starting price of the lot is more than UAH 3 million, ”said Roman Opimakh, Chairman of the State Geological Survey.
Titanium, due to its combination of mechanical and physicochemical properties and high corrosion resistance, is used in various industries: aerospace, chemical, food, petroleum engineering, ferrous and nonferrous metallurgy, in the production of pigments for paints, paper, etc.
"A powerful raw material base of titanium has been created in Ukraine - significant reserves and resources of titanium ores have been identified and explored, exceeding the total reserves of titanium in all other countries of the world, 12 deposits are currently being developed," R. Optimakh recalled.
The investment atlas of a subsoil user of Ukraine already contains about 400 vacant subsoil plots, including those with deposits of strategic and critical minerals - lithium, nickel, cobalt, molybdenum, zirconium, titanium, gold, hydrocarbons.