MINEX Forum

Tag: Deposits

  • Ukraine Needs Security Guarantees to Attract Investment in Industry and Mining

    Ukraine Needs Security Guarantees to Attract Investment in Industry and Mining

    To attract investments in industrial production and the lithium and uranium deposits, Ukraine requires security guarantees, says the CEO of Metinvest.

    2025 must become the year of economic recovery, stated Metinvest’s General Director, Yuriy Ryzhenkov.

    For investments in industrial production and mineral resources, security guarantees are needed to attract international investments in key industries. This will provide the country with new jobs and technological opportunities, according to Yuriy Ryzhenkov, the CEO of Metinvest.

    He emphasised that building a people-centric business, where employee and community well-being take precedence over financial success, is crucial for Ukraine’s recovery.

    “We already have over 1,000 veterans and are ready to train anyone interested in jointly building an economically stable and peaceful Ukraine. Victory efforts are being made by workers maintaining production, mobilized soldiers in the armed forces, and even women, some as young as 19, working in mines,” said Ryzhenkov.

    Since the start of the full-scale invasion, Metinvest has directed 8 billion UAH to aid Ukraine and its citizens, according to the company’s website. Of this, 4.4 billion UAH has been allocated for military needs under the “Steel Front” initiative.

  • New lithium deposit discovered in Eastern Kazakhstan: Foreign investors show interest in development

    New lithium deposit discovered in Eastern Kazakhstan: Foreign investors show interest in development

    In 2023, experts from the Korea Institute of Geoscience and Mineral Resources (KIGAM) announced their discovery of a new lithium deposit in Kazakhstan. The information about the unnamed deposit was published by the “Kursiv” newspaper, citing the Korea Times.

    The discovery of the deposit occurred as a result of geological studies on an area of 1.6 km² in Eastern Kazakhstan. Foreign investors have already shown interest in developing this deposit.

    KIGAM experts estimated the potential resources of the new deposit at $15.7 billion, although the exact amount of lithium found in the ground has not been disclosed. According to estimates, the deposit contains high concentrations of lithium up to 5.3%, making it potentially profitable.

    According to previous data, German companies have actively invested in lithium mining in Kazakhstan. Three major enterprises, including GP Gunter Papenburg AG, Knauf Gruppe, and Roxtec, have formed a consortium to develop production of this strategically important metal in the republic.