US EditionUkraine picks US-linked investors to develop Dobra lithium deposit
Dobra Lithium Holdings must finance infrastructure and share output with Ukraine under a $179 million deal to attract Western investment amid wartime risks.
- On Jan 12, a Ukrainian government commission selected a U.S.-linked consortium to develop the Dobra lithium deposit, awarding Dobra Lithium Holdings a production-sharing agreement to split output with the state.
- Launched in August, the tender served to attract Western capital as the first project under a joint-investment fund with the United States, securing investment amid wartime risks and deepening Washington ties.
- The Dobra site, Novoukrainskyi district, Kirovohrad Oblast, contains over 1.28 million tonnes of reserves, with a 50-year licence and overburden up to 80 /m, requiring underground mining.
- The winning bid includes high-profile U.S.-linked backers such as Ronald S. Lauder, billionaire and friend of U.S. President Donald Trump, and TechMet, an energy investment firm backed partly by the U.S. International Development Finance Corporation, raising conflict-of-interest concerns.
- Industry specialists say the project will take about 15 years to reach production, investors must complete geological surveys and secure financing, and two commission members said the decision is effectively final though Cabinet approval is still required.
10 Articles
10 Articles
Ukraine's Bid to Harness Western Investment: The Dobra Lithium Development
Ukraine's Bid to Harness Western Investment: The Dobra Lithium Development In a significant boost for Ukraine's economy, a U.S.-linked investment group has secured the rights to develop the Dobra lithium deposit, as announced by Prime Minister Yulia Svyrydenko. This venture, situated in the central Kirovohrad region, is poised to attract substantial capital investment, thereby enhancing Ukraine's ties with the U.S.The investment group, comprisin…
Ukraine grants mining rights for lithium to US-near investors. USA condemns Russian attack with Oreshnik rocket. All developments in the newsblog.
Ukraine awards State-owned lithium project to Dobra Lithium
Ukraine awarded development rights for the Dobra lithium deposit in the Kirovohrad region to Dobra Lithium Holdings under a production sharing agreement, Prime Minister Yulia Svyrydenko said on Monday. Dobra’s shareholders are TechMet and Rock Holdings, and the project is expected to draw at least $179-million in capital investment, including $12-million for exploration and an audit of reserves, Svyrydenko said on the Telegram messaging app. The…
She wrote about it in a telegram.” Pilot project for the development of minerals - lithium deposit “Dobra site” in Kirovohrad region. The field will make it possible to attract a minimum amount of capital investment of $179 million, of which $12 million will be directed to conduct new geological exploration and international audit of reserves, $167 million to organize extraction and enrichment in case of confirmation of industrial reserves of th…
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