Avellana Gold (Cyprus) intends to start mining polymetallic ores in Western Ukraine.
“The management of the State geology service has recently had an official meeting with the American representatives of the company. The parties discussed main terms of mineral resources mining. The investor has acquired companies with licenses to mine and prospect polymetallic ores”, said the service in its statement.
Avellana Gold is prepared to invest in the project and make it competitive on the world market, but expects to receive the state guarantee that the license conditions remain stable. (Ukrainian metal)