Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES EXPORTS OF TITANIUM ORE IN JAN

10 February , 2020  

Ukraine in January 2020 increased exports of titanium containing ore and concentrate in kind by 12.2% compared to 2018, to 52,400 tonnes.
According to customs statistics released by the State Fiscal Service, over the period exports of titanium ore and concentrate in monetary terms decreased by 8.6%, to $12.586 million.
Major exports were made to Mexico (23.84% of deliveries in monetary terms), Russia (18.01%) and Egypt (13.79%).
Ukraine in January 2020 imported 78 tonnes of similar products worth $55,000 from Senegal (805 tonnes for $163,000 in January 2019).
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.