The mining and beneficiation plant of the “Velta” Company is pronounced the best 2011 investment project in Ukraine

Mar 26, 2012

The ilmenite mining and beneficiation plant of the “Velta” Company is pronounced to be the best 2011 investment project in Ukraine within the framework of the all-national program “2011 Man of the Year” in the nomination “The Investment of the Year”.

The general director of the Company Andriy Brods’kiy received a special reward of the program – a statuette in the form of the Prometeus flame. The official award ceremony was held on September 24, 2012 in Kyiv.

The award was presented to Andriy Brods’kiy for the successful establishment and development of the ilmenite mining and beneficiation plant project (Birzulovo deposit in Novomirgorod district, Kirovograd region) the investments in which exceeded 90 mln USD only in 2011.

“I am confident that Ukrtaine is an outstanding country and in the nearest future it will be among the twenty most industrially advanced countries. “Velta” will take an active part in this activity and will substantially increase the investments in this sector”, - said Andriy Brods’kiy when receiving the award.

He also expressed his gratitude to all the team of “Velta” and to the workers of the mining and beneficiation plant at the Birzulovo ilmenite deposit, stressing that the received award is their victory too.

It’s worth reminding that the mining and beneficiation plant on the Birzulovo deposit of ilmenite was opened in late 2011. The planned production capacity of the enterprise for 2012 is 240 thousand mt of the raw material. When the facility reaches full capacity “Velta” will provide 2 % of the titanium raw material in the world market.