News

Head of Avellana Gold in Ukraine: «Investor wants to believe that Ukraine is a little Canada in terms of mining»

In Ukraine, so far, there is little intelligence about domestic gold deposits, therefore, the huge work of geologists is still needed. However, the Carpathians are a promising area in which investors can and should be attracted. Almost the first such project is being developed by an American company Avellana Gold. In 2016 Avellana acquired LLC “Karpatska Rudna Company” and LLC “ZGRK”, which own...

In Ukraine, so far, there is little intelligence about domestic gold deposits, therefore, the huge work of geologists is still needed. However, the Carpathians are a promising area in which investors can and should be attracted.

Almost the first such project is being developed by an American company Avellana Gold. In 2016 Avellana acquired LLC “Karpatska Rudna Company” and LLC “ZGRK”, which own licenses for the mining in Muzhievo.

American company Avellana Gold will invest $100 million in gold mining in Ukraine

American company Avellana Gold has developed a project for the extraction of gold and gold-polymetallic ore in Transcarpathia, and plans to invest about $ 100 million. Investors plan to organize high-efficiency production for a long-term perspective with an annual production volume of 500 thousand tons.

American company Avellana Gold has developed a project for the extraction of gold and gold-polymetallic ore in Transcarpathia, and plans to invest about $ 100 million. Investors plan to organize high-efficiency production for a long-term perspective with an annual production volume of 500 thousand tons.

Company-investor Avellana Gold presented the first results of work in Transcarpathia

State Service of Geology and Subsoil of Ukraine together with Maxim Nefedov, Deputy Minister of Economy, met with the management of Avellana Gold, the company engaged in the implementation of the project for the development of Muzhievo deposit of polymetals in the Transcarpathian region. According to experts, this is technically a completely new project for Ukraine over the past 20 years. During ...

State Service of Geology and Subsoil of Ukraine together with Maxim Nefedov, Deputy Minister of Economy, met with the management of Avellana Gold, the company engaged in the implementation of the project for the development of Muzhievo deposit of polymetals in the Transcarpathian region. According to experts, this is technically a completely new project for Ukraine over the past 20 years.
During the meeting, Avellana Gold presented its first results on improving the environmental situation and discussed further plans.

Who will extract gold in Transcarpathia?

Muzhievo is the only point on the map of Ukraine with approved reserves of gold. After a long break, an American investor wants to recover mining of the precious metal here.

Muzhievo is the only point on the map of Ukraine with approved reserves of gold. After a long break, an American investor wants to recover mining of the precious metal here.

American company Avellana Gold will be engaged in extraction of polymetals in Transcarpathia

American company Avellana Gold has acquired a number of companies holding licenses for the extraction and exploration of polymetallic ores in Western Ukraine and discusses the conditions for the practical implementation of the project for the extraction of metals.

American company Avellana Gold has acquired a number of companies holding licenses for the extraction and exploration of polymetallic ores in Western Ukraine and discusses the conditions for the practical implementation of the project for the extraction of metals.