In early February, the State Service of Geology and Subsoil of Ukraine celebrated 100 years since the day the geological service was created. Representatives of Avellana Gold Ltd. visited the events dedicated to the anniversary. Veteran scientists, employees of state enterprises and institutions were honored at the celebration. The management of the State Service of Geology and Subsoil of Ukra…

Companies that open business in Ukraine gained an opportunity to counteract bureaucracy in State agencies thanks to investor protection organizations. Recently, the Business Ombudsman Council responded to violations of the terms for prolongation of special permits of Avellana Gold Ltd. for the exploration of the Transcarpathian polymetal deposit by the State Service of Geology and Subsoil of Ukrai…

The Cabinet of Ministers of Ukraine discussed Draft Resolution on cancellation of the requirement for re-estimation of natural resources reserves every 5 years. The American Chamber of Commerce in Ukraine emphasized on the necessity to cancel this requirement, since it leads to additional financial and bureaucratic burden on production companies. Moreover, re-estimation of reserves of natural r…

Analysts predict another great year for zinc, which reached multi-year highs in 2017. In 2016, zinc was the best-performing LME metal, jumping more than 64% in 12 months. In 2017, zinc continued to climb, but at a slower pace: it’s gained over 21% since January. Zinc’s highest point of the year came in October ($3,369.50). Supply worries and a strong Chinese demand outlook supported the base m…

The State Geological and Subsurface Survey of Ukraine groundlessly refuses American investor Avellana Gold the extension of the licenses for geological exploration of the Transcarpathian deposit of polymetals. On this occasion, November 30, the head of Avellana Gold Brian C Savage met with the Head of investment protection company Ukrinvest Daniel Bilak and the government investment commissio…