Investment Opportunities in Exploration & Production - Strategic and Critical Minerals
Investment Opportunities in Exploration & Production - Strategic and Critical Minerals
Co
Mo
Ti
Investment Opportunities Li
in Exploration & Production Zr
Be
Strategic and Critical Minerals Cr
Ni
State Geologic and Ministry of Environmental
Cu
Ta
Subsoil Survey of Protection and Natural
Ukraine Resources of Ukraine
State Geologic and
Subsoil Survey of
Ukraine
Key messages
Mineral resources base of Ukraine is able to meet the needs of the
national industry and to facilitate its export potential.
Domestic enterprises consume mainly local raw materials for
metallurgy, machine building and construction. Energy resources,
agrochemical raw materials, non-ferrous metals and coking coal are
imported in significant amounts, thus referring them to the critical
minerals category.
Meanwhile, deposits of the so-called metals of a low-carbon future
used in innovation technology are hardly produced. It is important
now to increase their production and create beneficiation and
primary processing capacities, as demand for them is expected to
grow rapidly in the world market.
Available resources and prospects for production of metals of the
future will enable development of new modern industries in the
country. This flags their strategic importance for establishment of
Ukraine on the global stage a in a new role.
The Investment Atlas of Subsoil User contains vacant subsoil fields
with deposits of strategic and critical minerals for their purchase at
e-auctions.
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State Geologic and
Subsoil Survey of
Ukraine
Li Ті Nі Со Cr Та Nb Ве
Lithium Titanium Nickel Cobalt Chrome Tantalum Niobium Beryllium
Zr Sc Mo Au С Н(х) (х) U
Scandium Molybdenum Gold Hydrocarbons Uranium
Zirconium
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State Geologic and
Subsoil Survey of
Ukraine
Lithium
Ukraine possesses one of the largest lithium deposits in
Europe with proved reserves and contingent resources.
It is an ultralight metal used for manufacturing of cell
phone batteries, computers and electric cars,
glass and ceramics.
There are two lithium fields and two explored prospective
areas, as well as a number of promising accumulations.
Nowadays Lithium is not extracted in Ukraine.
One lithium field is licensed.
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State Geologic and
Subsoil Survey of
Ukraine
Open for nomination Open for nomination Is being prepared for e-auction
https://www.geo.gov.ua/en/open-bids/
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Lithium ore spots
State Geologic and
Subsoil Survey of
Ukraine
Kirovohrad
Polokhivske field region Donetsk
region
Dobra block
Zaporizhzhia Shevchenkivske field
region
Заліцензовані
Licensed blocks об’єкти
Prepared for e-auction
Підготовлені на еторги
Is being prepared for e-auction
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State Geologic and
Subsoil Survey of
Ukraine
Titanium
Ukraine is among top ten countries in the world in terms of
proven reserves of titanium ores and provides more than 6%
of their global production.
27 discoveries and more than 30 prospective areas have been
explored. The main titanium-containing mineral is ilmenite.
Currently, only placer deposits are being developed, which are
about 10% of all proven reserves. The rest is contained in
indigenous deposits. Objects prepared for auction are placer
deposits.
Titanium and its alloys are used in aviation and missile
technology, ship-building, machine building, food, medical
industry and non-ferrous metallurgy.
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State Geologic and
Subsoil Survey of
Ukraine
https://www.geo.gov.ua/en/open-bids/
8
State Geologic and
Subsoil Survey of
Ukraine
titanium ores, zirconium titanium ores, zirconium titanium ores, zirconium titanium ores zirconium
exploration & exploration & exploration & exploration &
development license development license development license development license
Sumy region Sumy region Sumy region Kharkiv region
62 hа 750 hа 170 hа 971 hа
contingent resources contingent resources contingent resources reserves of titanium-
of titanium-zirconium of titanium-zirconium of titanium-zirconium zirconium ores
ores (thousand tons): ores (thousand tons): ore (thousand tons): cat. P2 (thousand tons):
zircon – 11 zirconium – 115 zirconium – 59 ilmenite – 1759
rutile – 15 rutile – 137, conditional rutile – 75, conditional zirconium – 402
conditional ilmenite – 90 Ilmenite – 925 ilmenite – 480
Open for nomination Open for nomination Open for nomination Open for nomination
https://www.geo.gov.ua/en/open-bids/
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Titanium ore spots
State Geologic and
Subsoil Survey of
Ukraine
Sumy
17 region
Zhytomyr 19 Bilovodske block
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region 11 Kyiv3
Korchakiv block Khrapyvshyna block
10 region
Fedorivske field 5
6 14
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State Geologic and
Subsoil Survey of
Ukraine
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State Geologic and
Subsoil Survey of
Ukraine
molybdenum ore ores of copper, nickel, cobalt ores of talc-magnesite molybdenum ore
accompanying minerals – nickel, cobalt
exploration & development platinum, palladium exploration & development
license exploration & development license
exploration & development
license
Zhytomyr region license Dnipropetrovsk region
Dnipropetrovsk region
290 ha Zhytomyr region 96 ha
290 ha 127 ha
content of Mo – up to 2% content of Mo –
content of Ni – 0.66% content of Ni – up to 0.5% 0.023–0.11%
resources (thousand tons)
cat.С2: molybdenum ore –1.792 Cu – 0.063%, Co – 0.013% ore reserves (thousand tons) resources (thousand tons):
Мо – 5; cat. Р1 : molybdenum resources (thous. tons) cat. P3: cat. C2: talc-magnesite – cat. Р1 – 85.7
ore –90, Мо –2.7 Ni – 151, Cu – 14, Co – 3 75739, Ni – 73, Co – 4 cat. Р2 – 78.3
Open for nomination Open for nomination Open for nomination Is being prepared for e-auction
https://www.geo.gov.ua/en/open-bids/
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Non-ferrous metal State Geologic and
Subsoil Survey of
spots
Ukraine
Kirovohrad Dnipropetrovsk
region region
Lypovenkivske field Kapitanivske field
Sukhokhutirska block
Central section
Karnaukhivska block
West-Lashchivska block
Mykolayiv Skhidnoserhiivskyi prospective field
region
Licensed blocks
Prepared for e-auction
Can be nominated for an auction
Auction
14
State Geologic and
Subsoil Survey of
Ukraine
https://www.geo.gov.ua/en/open-bids/
16
Rare earth minerals State Geologic and
Subsoil Survey of
spots
Ukraine
Dnipropetrovsk
Mostove block Kirovohrad region Donetsk
region
6 region
1 2
3 7 Mazurivske Nothern section
Vovchanske field 4
Malyshyvske field
5 Mazurivske Eastern section
Zaporizhzhia
region
Starodubivskyi prospective field
1. Lypnyazkyy prospective field Novopoltavske field
2. Tashlytsky prospective field
3. Novostankuvatske prospective field
4. Anadolske field
5. Dianivske prospective field Licensed blocks
6. Zhovtorichenske field Prepared for e-auction
7. Gurivske prospective field Can be nominated for an auction
Auction
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State Geologic and
Subsoil Survey of
Ukraine
Gold
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State Geologic and
Subsoil Survey of
Ukraine
29 wells drilled, total depth 7.4 285 wells drilled 25 wells drilled total depth – 177 wells drilled,
thousand m total depth 92.5 thousand m; total depth –
8.9 thousand meters
accompanying mineral – niobium the mine shaft’s 64,5 thousand m, mine shaft’s
depth – 168 m gold conten – 0.1–14.7 g/t depth – 204 m
gold content – avg 1.22–2.78 g/t contingent resources
gold content – avg 7.1 g/t gold content –
min. 0.8 g / t; niobium – 20–50 g/t (thousand tons): P2 – 40
min. 3.9 g/t avg 3.4 g/t
contingent resources contingent resources Kvytkivska and Mayska blocks contigent resources (thousand
(thousand tons): P1 – 16.5 (thousand tons): can be considered as a single tons): P1 – 22, P2 – 19
P2 – 12, P3 – 11 investment project
P1 – 12.5, P2 – 15
Sold for $ 205 000 Open for nomination Open for nomination Open for nomination
December, 2020
https://www.geo.gov.ua/en/open-bids/
19
Gold ore spots
State Geologic and
Subsoil Survey of
Ukraine
Luhansk
region
Zakarpattia Klyntsyvske
Dnipropetrovsk
Muzhiivske field
region
Beregivske field
Kirovohrad field region
Zolota Balka
region
Zhovtovodska field Bobrykyvske
Kvasivske Sauliak field block field
prospective area Sergiivske field
Maiskа block
Kvitkivska field Balka Shyroka
block
Odesa
region
Заліцензовані
Licensed blocks об’єкти
Prepared for e-auction
Підготовлені на е-торг
Sold
Аукціон 23.12.2020
Can be nominated for an auction
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Hydrocarbons
Results
Two concession licenses
were sold via e-auctions
Signing of 8 PSAs
Re-launch of Yuzivska PSA
Launch of offshore projects
in the Black Sea Yusivska
Plans
Signing of new PSAs
Re-launch of Oleska PSA
New concession licenses
prepared for e-auctions
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State Geologic and
Subsoil Survey of
Ukraine
14 km 2 100 km 2 6300 km 2
https://www.geo.gov.ua/en/open-bids/
22
State Geologic and
Subsoil Survey of
Ukraine
inferred resources
(class code 334):
3
natural gas – 3.33 billion m
Open for nomination Is being prepared for e-auction Is being prepared for e-auction
https://www.geo.gov.ua/en/open-bids/
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Detailed geological information Auctioning
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Annexes
Obtaining a Special Permit (License) through E-auction
Application to Initiation of license listed
State Geologic and Local authorities Ministry of environment SGSSU
in the Investment Atlas
Subsoil Survey of
Ukraine (SGSSU) Approval of local Approval for granting Preparation of the auction
minerals special licenses documentation package
Nomination of a license 45 days 15 work days 14 days
proposed by investor
Ministry of
Environment
Environmental
Prozorro.Sales Prozorro.Sales Prozorro.Sales
impact SGSSU
assessment and Auction to reduce the Repeated auction with Auction to increase the
public hearings starting price 50% discount starting price Auction
to start announcement
production 15 days 30 days 50/90 days
Winner: 1. Signs the protocol of auction 5. Pays the fee to the state budget
2. Pays a fee to the exchange operator 6. Concludes an agreement on terms
3. Concludes a contract of purchase and sale of a special license and conditions of subsoil use
4. An agreement on compensation of state expenses for exploration 7. Receives a license Cabinet of Ministers Resolution № 993 dated
works is concluded September 23, 2020
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State Geologic and
Subsoil Survey of
Ukraine
Partnerships with Easy way to obtain E&P license for Agreement with the Government for
current license holders up to 20 years through e-auctions up to 50 years with fiscal stability
and international arbitration clauses
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State Geologic and
Subsoil Survey of
Ukraine
tax relief: exemption of income tax for up to 5 years, > € 20 millions of investment
VAT and customs duties for importing new equipment > 80 jobs created
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Licensed fields and open offers
Existing Concession licenses Сoncession licenses offers
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State Geologic and
Subsoil Survey of
Ukraine
Step 1
Additionally for foreign investors
a letter of request shall be sent to the head of SGSSU with a
A letter of request shall be accompanied with copies of identity
request to be made aware of the geological information
documents confirming affiliation to a company operating in the
Step 2 field of subsoil use, indicating the purpose of being made aware of
information
SGSSU shall make a decision on granting access for
making aware of the geological information designated as
«For Official Use Only»
Step 3 Forbidden!
a subsoil user gets access to the information for making - To transfer data to third parties
aware in the information repository premises
- To copy information
a requesting company enters into a non-disclosure
- To remove documents from the information repository
agreement with SGSSU
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State Geologic and
Subsoil Survey of
Ukraine
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