Ukraine’s Ministry of Economic Development and Trade estimates the need for investment in a project to develop production capacity of the Novokostiantynivske uranium ore deposit (SE VostGOK, also SkhidGZK) in Kirovohrad region at UAH 2.9 billion, including UAH 1.2 billion from the national budget and another UAH 1.7 billion are the enterprise’s own funds.
According to the ministry’s press release, VostGOK had already allocated UAH 0.35 billion under the project as of January 1, 2019.
The ministry expects that the project will increase the production of uranium concentrate from the raw materials mined at the field by 2.1 times, from 336 tonnes in 2018 to 701 tonnes in 2021. It will also let create 200 new jobs.
