US delegation explores investment opportunities in Ukraine’s mining sector

A delegation from the US International Development Finance Corporation (DFC) has visited Ukraine’s Kirovohrad region to assess potential investment projects in mining and processing, Ukraine’s Minister of Economy, Environment and Agriculture, Øleksii Sobolev, announced.

The visit marked the first joint inspection of facilities that could form part of a new Investment Fund for the reconstruction of Ukraine. The delegation toured the Birzulivsky Mining and Processing Plant and the nearby Likarivske deposit — both considered promising sites for the Fund’s future portfolio, Caliber.Az reports. 

“These sites are of strategic importance,” Sobolev wrote on Facebook. “Titanium ores are primarily extracted here, with future plans for zirconium mining. There are also potential deposits of hafnium — a rare metal vital for nuclear energy, aerospace and other high-tech industries.”

Ukraine is one of the world’s leading suppliers of titanium, widely used in defence and aerospace manufacturing. Demand for the metal remains strong in the United States, as well as in Europe and Latin America.

Sobolev stressed that field visits are essential to evaluate investment prospects not only in terms of economic potential but also environmental responsibility and community development.

During the trip, discussions with Kirovohrad regional governor Andriy Raykovych and local officials focused on subsoil use, water resources, forestry, and protected areas.

By Sabina Mammadli