Velta was granted a permit to develop Likarivske deposit

Oct 31, 2019

The State Service for Geology and Subsoil of Ukraine issued to Velta a special permit to use the mineral resources of Likarivske deposit of titanium ore — the document our company had been waiting for for 5 years. This asset is located 6 km away from the already operating Byrzulivske MPP. The obtained license allows to start the construction of a mining and processing complex with a capacity of 120 thousand tons of ilmenite per year, requiring capital investment amounting to $30 million. The new MPP will create 350 jobs in addition to the 500 already held at Byrzulivske facility.

Thus, having two mining and processing complexes — Likarivske and Byrzulivske, Velta will increase its annual capacity up to 390 thousand tons of titanium feedstock.