History

History

The company was founded following the Euromaidan revolution by a group of international investors that perceived the developments in Ukraine as a harbinger of changes at the institutional level that would lead to greater security for investors which would attract the capital needed to recapitalize the mining sector in Ukraine.

Having successfully developed mining and oil & gas projects in several challenging jurisdictions throughout the world, Brian Savage also recognized the opportunity to invest in and develop mineral projects in Ukraine. After two years of negotiations with private investors and several major companies the mandate to invest in Ukraine’s mining sector was received and formalized though the Avellana group of companies.