Velta Ltd with assets in titanium ore extraction in Novomyrgorodka (Kirovograd region) plans to carry out three investment projects with a combined cost of $586 million.
The first project, CRM Cluster (Critical Raw Materials Cluster), presupposes the extraction and processing of titanium (ilmenite), zircon and hafnium derivatives and manufacture of kaolin, clay and sand. Investments in the project will amount to $142.5 million.
The second project is manufacture of titanium powder by way of Velta Ti Process. Investments will total $421 million.
And the third project is the export of kaolin, which presupposes the launch of an industrial line with the capacity of 200 thousand tons of kaolin per year. Investments will reach $22.5 million. (Ukrainian metal)