Ukraine has identified over 80 mineral sites for auctions and the creation of an investment fund with the USA

The Cabinet of Ministers of Ukraine has approved a list of critical and strategic minerals, as well as identified over 80 mineral sites that will soon be put up for auctions and competitions within the framework of the Ukrainian-American “mineral agreement.”

This is reported by AgroReview

New List of Strategic Minerals and Resources

The updated list of strategic minerals includes aluminum, beryllium, copper, nickel, niobium, strontium, tantalum, titanium, uranium, zirconium ores, as well as fluorite. In total, the list of critical materials has been expanded to 28 types of minerals. The government plans to auction more than 80 sites: 60 of them will be through electronic auctions, and another 26 through competitions for production sharing agreements.

“The approved document is the foundation for launching the Ukrainian market of strategic and critical raw materials, and consequently for filling the American-Ukrainian investment fund,” said Ecology Minister Svitlana Hrynchuk.

Searching for an Administrator for the Investment Fund

The Ministry of Economy of Ukraine has reported that the U.S. International Development Finance Corporation (DFC) has already published a request for information to select a company that will administer the American-Ukrainian Reconstruction Investment Fund. The publication of the request is the first step in finding a qualified partner and does not signify the start of an official tender. The final decision on the selection of the service provider will be made by the Fund’s Governing Council, which will include three representatives from the USA and three from Ukraine.