Recently, the State Service for Geology and Subsoil of Ukraine announced that it will provide gold mining investment blocks to the society and will hold the first public auction of gold mining blocks on December 23, 2020.
According to reports, the bureau will provide the society with 4 gold mining blocks, including Zhovtovodsk, Balka Shiroka, Kvitkivska and Maiska.
Among them, the first public auction of the Zhovtovodsk block will be held on December 23. If the society is very interested in the first gold mine auction, the bureau will launch the auction of the other three blocks in time.
Roman Opimakh, director of the Ukrainian National Geological and Mineral Resources Agency, said that Ukraine has nearly 3,000 tons of gold resources, but they have not yet been utilized. The gold consumed in Ukraine mainly depends on foreign imports.
If Ukraine can actively attract social investment in gold mines, it will have a positive impact on Ukraine's mining development, infrastructure construction, and national economic development.
However, the director also said that the development of gold mines requires a large amount of capital investment. For exploration alone, Ukraine needs to attract nearly 3 billion hryvnia (about 105.5 million US dollars) of investment.
In response to this gold mine auction, Director Opimach suggested that relevant investors actively conduct preliminary research on the intended block. The bureau will ensure that every user of underground resources is in an open and transparent investment environment.
Post time: Dec-08-2020