The General Prosecutor Office has returned to Avellana Gold a special permit for polymetal mining at Muzhievo deposit owned by an American investor, as well as confidential geological information about the deposit. "The General Prosecutor Office reacted very quickly to our appeal to intervene in the problem. October 20, we have faced an incomprehensible situation, when for some unknown reason m…

Investor company Avellana Gold addressed the Prosecutor General Yuriy Lutsenko and asked to investigate the confiscation of license for polymetal mining at Muzhievo deposit. Some days ago, law enforcement people conducted a search at the office of Carpathian Mining Company, which was previously bought out by the American company Avellana Gold Ltd. On site, the Company employees were told that…

October 20, masked men, who introduced themselves as people from the Security Service of Ukraine, have trashed the office of Carpathian Mining Company in the Zakarpattia village of Muzhievo as well as the apartment of the Company director in Kyiv and in Beregovo. A group of strangers have not provided any valid explanation for seizing mining information and the special permit for the exploration o…

Kyiv hosted a two-day Ukraine and the World in the New Economic Reality forum. World famous economists, leading Ukrainian and foreign specialists, businessmen and politicians participated in discussion panels as part of the international event. Prospects and investment attractiveness of Ukraine were among the key issues during panel and round-table discussions of the forum. “Ukraine is chang…

Avellana Gold has opened its Ukrainian representative office in Kyiv. The office will be managed by Andriy Smolin. Avellana Gold plans to create a large-scale gold and polymetal ore mining business in Zakarpattia giving employment to several hundred workers. Total budget of the project makes up almost 100 million dollars. The company is currently exploring a polymetal deposit in the village of…