Business news from Ukraine

UKRAINE INCREASES EXPORTS OF TITANIUM ORE IN 2018

Ukraine in 2018 increased exports of titanium containing ore and concentrate in kind by 2.7% compared to 2017, to 599,494 tonnes.
According to customs statistics released by the State Fiscal Service, last year exports of titanium ore and concentrate in monetary terms increased by 19.5%, to $125.722 million.
Major exports were made to the Czech Republic (19.41% of deliveries in monetary terms), Turkey (17.96%), and Russia (15.68%).
Ukraine in 2018 imported 15,874 tonnes of similar products worth $3.142 million from Senegal and Mozambique, while in 2017 it imported 202 tonnes of titanium ore and concentrate worth $143,000 from Senegal (87.41%), Finland (10.49%), and Iran (2.1%).
As reported, Ukraine in 2017 increased exports of titanium containing ore and concentrate in natural terms by 26% compared to 2016, to 583,772 tonnes, and in monetary terms exports increased by 25.3%, to $105.235 million.
Major exports were made to the Czech Republic (16.87% of deliveries in monetary terms), the United States (15.46%), and Turkey (14.68%).
Ukraine in 2017 imported 202 tonnes of titanium ore and concentrates worth $143,000 from Senegal (87.41%), Finland (10.49%) and Iran (2.1%), while in 2016 it imported 160 tonnes for $90,000.
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.

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