Business news from Ukraine

Business news from Ukraine

Koretske granite deposit changes user

The State Service of Geology and Subsoil of Ukraine has approved amendments to the special permit No. 4383 granted to Nadra Ukrayiny Holding Company LLC for the extraction of granite from the Koretske deposit (including the Southwestern part) in Rivne region.

According to NADRA.INFO with reference to the order of the State Service of Geology and Subsoil of 24.07.2024 No. 332 (download), changes to the special permit for subsoil use are made in connection with the alienation.

Nadra Ukrayiny Holding Company LLC is owned by Valentyna Khytyk (through the Czech Kristi Company S.R.O.) and Yuriy Bizhan (owner of 50% of the company since 2022). Since March 2024, the company has been headed by Yuriy Lytvynchuk (YouControl). The company has no other special permits for subsoil, except for the alienated one.

The ultimate beneficial owner of Second Granite Company LLC with a 40% stake is Viktor Melnyk. The head of the company is Yuriy Polishchuk (YouControl). According to the State Service of Geology and Mineral Resources, as of July 2024, Druha Granitna Kompaniya LLC holds two valid special permits (both acquired at auctions of the State Service of Geology and Mineral Resources): No. 5562 for the Negrebivske sand deposit in Zhytomyr region and No. 6522 for the Hvizdivske granite deposit in Rivne region.

According to the Public Audit of Subsoil Use, granites and gneiss-granites of the Koretske deposit are suitable for use as facing stone and raw materials for rubble and crushed stone.

As a reminder, the State Service of Geology and Subsoil revoked a special permit granted to Granitexpo LLC to mine granites from the Sarnovytske deposit in Zhytomyr region.

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