The Ukrainian Metal

Ukraine: Velta gets license to export titanium ore to USA

Velta LLC with titanium ore extracting assets in Novomirgorod, Kirovograd region, has received licenses for the export to the USA and resumed shipping raw materials from Ukraine.

“Wages paid in full. Taxes as of yesterday – almost 5 million UAH. Paid. VAT is not reimbursed to us. All the foreign currency is sold to the state 30% below the market value,” the group CEO and co-owner Andrei Brodskiy has posted on Facebook.

In January-June, Ukraine decreased export of titanium-containing ores and concentrate by 46.2% YoY, to 157.296 thousand tons. (Ukrainian metal)

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