Interview with Nikolay Gozhik, Head of Business development, Ukrainian office representative of Avellana Gold. - What do you think about gold mining in Ukraine – what are the problems and prospects? Muzhievo gold deposit is in fact the first project on polymetal mining in the history of independent Ukraine. Is the country actually ready for such a large-scale project? - Mining is currently experiencing lack of investment as it is connected with many risks. We can name up to ten risks in total. Firstly, there is a risk of confirming deposit during mining. It depends on how professional the exploration works were. Secondly, there is an environmental risk, i.e. how acceptable specific technologies for maximum gold extraction are. Thirdly, there are risks connected with stability of world prices for main metals of the deposit. The risks of a country are also of importance, namely stability of subsurface resource use, significant volatility of currency exchange rate. It is made even more complicated by the fact that the state acts as a compulsory buyer-counteragent of a part of resources. There are many promising objects in Ukraine which may be interesting for investors. We have gold deposits and gold sites in central Ukraine. We have deposits of rare metals which are in high demand in the world. We also have deposits of lithium, beryllium and others. But Ukrainian judicial system and tax laws scare potential investors. There are no guarantees of license terms and regulatory rules stability in the sphere of subsurface resource use during project implementation. - As far as we know it is the first Avellana Gold project in Ukraine. - From the outset we stressed that Avellana Gold is an ideal company for gold mining in Ukraine. Namely, for Zakarpattia deposits, the industrial value of which has been confirmed. In fact, financing is given for implementation of this very project. And if the first project is a success, Avellana Gold will become the first junior mining company to have achieved positive results in Ukraine. I mean a company which is financed by private and public capital and is created by geologists with an extensive experience in the field. Most foreign companies employ the same principle as Avellana Gold does, particularly those which develop world-class projects. To see the full version click the link down below https://goo.gl/6bP1I9