Gold, Ukraine Metals and Mining

Ukrainian geologists find site with resources of 2.4 tons of gold

Specialists have discovered industrial deposits of gold in the Rakhovsky district of the Trans-Carpathian region, the press centre of the State Service of Geology and Mineral Resources of the Ukrai

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In 2018, Lugansk People’s Republic intends to launch production of Bobrikovskoye gold

In 2018, the Lugansk People's Republic plans to begin industrial development of the Bobrikovskoye gold deposit in the Anthracitovsky district of the Lugansk region of the Ukraine, the head of t

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Gold reserves of National Bank of the Ukraine grow almost to $1 bln

In May 2016, the gold reserves, included in the official reserves of the National Bank of the Ukraine, decreased by 11.9%  to $978.71 million in dollar equivalent.

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Coal industry: time to found parks

The Ukrainian Cabinet of Ministers is ready to sell the state coal-mining industry and urgently looks for investors. And scientists propose to establish coal-industrial and industrial parks as a way to diversify the activities of mines.
Industrial parks on the basis of mines: there are examples
Interest in economic project of its kind increases in the world, there are signs of it in the Ukraine - in 2013, a law on industrial parks was adopted, and parks themselves appeared.
According to the Pareto law, 20% of efforts provide 80% of the results, while the remaining 80% of the effort - only 20% of the results. It’s true for the Ukrainian domestic coal industry - 30% of mines produce 70% of coal.
Everything seems to be corresponding to the law, it is logical. But the trouble is that other 70% of the mines are owned by the state and over the three years before 2014, subsidizing of the public sector of the coal industry doubled, reached 14 billion hryvnias, which is 1.5 times more than the amount allocated from the budget for health. At the same time, payable made up 19 billion hryvnias, which is two times more than the value of the annual volume, produced by all mines.

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