Ukraine welcomes German investment in subsoil development

The State Service of Geology and Mineral Resources of Ukraine invites German businesses to invest in developing Ukrainian subsoil, which will help create stable supply chains of critical raw materials to the EU. The State Geology and Subsoil Service reported this based on the results of a round table organized by the German Mineral Resources Agency (DERA).

The State Service of Geology and Mineral Resources of Ukraine prepared and published vacant objects in the Subsoil User’s Investment Atlas, particularly with deposits of strategic minerals. These are about 30 offers of subsoil areas with deposits of lithium, zirconium, nickel, tantalum, graphite, etc., which may be of interest to investors.

Also, during the conference, the parties discussed the policy of Ukraine in the field of critical raw materials and the possibility of German-Ukrainian cooperation in this context.

“We invite German businesses to invest in developing Ukrainian subsurface resources. Such cooperation will contribute to creating sustainable supply chains of critical raw materials to Germany and EU countries,” said Roman Opimakh, head of the State Service of Geology and Mineral Resources of Ukraine.

According to him, Ukraine has a significant potential for developing minerals that are included in the list of critical minerals for Europe, as well as Great Britain, the USA, and Canada.

Opimakh informed his colleagues that it is possible to obtain a plot of subsoil for use by participating in electronic auctions, competitions for the conclusion of agreements on the distribution of products, as well as by entering already existing “farm-in” subsoil use projects, or by purchasing a special permit from a company that has received the right develop the subsoil.