Avellana Gold CEO Brian C Savage has recently sent an open letter to the Prime Minister of Ukraine Volodymyr Groysman in which he asked for support in organizing the meeting with representatives of the Government of Ukraine and the National Investment Council. In particular, the letter contained a vision of further development of the company – to make Avellana Gold a flagship project that would b…

DESPITE weakness over the past fortnight, analysts believe it’s onwards and upwards for gold. Gold has struggled over the past two weeks as the US dollar strengthens and the chances of a US interest rate rise in December increases. The decline of Donald Trump in the US presidential election polls has also removed a perceived catalyst for gold, though Sprott noted overnight that Hillary Clint…

Recently the management of the State Geological and Subsurface Survey of Ukraine (SGSSU) held an official meeting with American representatives of the Avellana Gold Company. The purpose of the meeting - to discuss the main terms and conditions for possible projects in mining, to understand the interest of the state in the creation of a new industrial facility. The investor has acquired the compani…

Mineral extraction may not take up most of the headlines about Ukraine at the moment, but there are a wealth of mining opportunities to be found in the country. A variety of metals and minerals can be found beneath Ukraine, and there are strong economic and political drivers to get it out, by expanding extraction and processing operations. Here, we take a look at what makes the nation so attractiv…

Gold mining is still a young and growing industry in Ukraine. As with many regions in the world with a turbulent political history, the economic development in the mining industry has been limited. This is in spite of the fact that Ukraine holds large reserves of gold in several regions within the country. The high price of gold has spurred the country’s decision to start allowing commercial…