Velta LLC with titanium ore assets in Kirovorgad region is developing its own technique to produce metallic titanium that can replace Russian metal on world market due to the increase in demand for armaments. According to the company deputy CEO Yelena Lesnyak, there is a shortage of titanium in the world. “Russia occupied 13% of…
Velta has signed a 5-year contract with Traxys Group to supply ilmenite valued at $100 million to North America. “As North America is one of the most stable and rapidly growing markets, we have decided to switch to long-term contracts, which will improve stability in our operation”, the company CEO Andrei Brodsky said. In late…
Velta declares that the State Service of Geology and Subsoil is holding back the issue of license to develop the Lekarevskoye titanium deposits in Kirovograd region. “We have finished designing the mining and processing works, and settled the financing issues. But we still can’t get the license from the State Service”, the company CEO Andrey…
In late 2017 Velta intends to start constructing the mining and processing complex on the basis of Lekarevskoye titanium ores deposits in Kirovograd region in case it gets the license from the State Service of Geology and Subsoil Use. The Kirovograd regional council on August 22 approved of granting the company the right to use…
Velta has started assembling non-standard equipment at its mining and processing works (ore sands and ilmenite concentrate) that was damaged by fire in 2014. “The process of construction of factory capacities lost to fire is going on, and we have entered the phase of non-standard equipment assembly”, said the company in its statement. In December…
Velta (Dniepropetrovsk) has decided to resume the operation of its ore sands and ilmenite mining and processing works in Kirovograd region.