UKRAINE, Jul 15 — On July 14, the Cabinet of Ministers approved a list of strategic minerals and subsoil areas available to investors on a competitive basis through auctions or production sharing agreements (PSAs), said the Ministry of Environmental Protection and Natural Resources of Ukraine.

After signing an agreement on establishing the Reconstruction Investment Fund with the US in the beginning of May 1, Ukraine declassified information about certain minerals. 

The Ministry has granted strategic status to 11 types of minerals: aluminum, beryllium, copper, nickel, niobium, strontium, tantalum, titanium, uranium, zirconium, and fluorite ores.

Separately, the government has created a list of 28 critical minerals that includes vanadium, bismuth, gallium, tungsten, hafnium, indium, rare earth, lithium, arsenic, copper, tin, lead, scandium, antimony, tellurium, cesium, zinc, and potassium salt ores.

The government has also identified 60 fields for electronic bidding, which include areas with deposits of titanium, lithium, copper, nickel, cobalt, niobium, beryllium, zirconium ores, as well as potassium salt, fluorite, and apatite deposits.

Also, 26 fields, including deposits of vanadium, lithium, titanium, uranium ores, and potassium salt, will be provided to investors based on the results of tenders under PSAs.

Yesterday, President of Ukraine Volodymyr Zelenskyy proposed that Yuliia Svyrydenko, Ukraine’s Economy Minister who’s finalized a deal on establishing a Reconstruction Investment Fund, head the government of Ukraine.

Zelenskyy said he expects that in her new position, the deputy prime minister will revamp the government’s work “based on her extensive experience in supporting Ukrainian production and Ukrainian entrepreneurship.”

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