The District Administrative Court of Kiev has cancelled the State Geology Service order for Velta to stop operation.

Velta said that the cancellation of its mining license would lead to breach of contracts, temporarily firing of over 500 employees and the inability to receive profits and thus pay taxes.

The court has cancelled one of the order points that prohibited Velta to carry out its operation. So the company was restored its right to mine titanium raw materials. (Ukrainian metal)

Leave a Reply