On the ground: A ‘50-50’ minerals deal with US suits Ukrainians in a graphite mining village
- Graphite is a key resource at the Zavaliv mine in central Ukraine, crucial for electric car batteries and defense sectors, according to Ihor Valeriiovych.
- Discussions on a minerals deal involving Ukraine and the US are ongoing, with hopes for investment to modernize the mine and improve outdated equipment and facilities.
- Local residents are optimistic about potential US investment but express concerns about losing control over their resources, highlighting the desire for a fair '50-50' deal.
- Graphite extraction at the mine has drastically slowed due to the war and high electricity costs.
25 Articles
25 Articles
On the ground: A ‘50-50’ minerals deal with US suits Ukrainians in a graphite mining village
US President Donald Trump has said he expects a minerals deal with Ukraine to be signed “very shortly”, without providing details. The US is reported to be seeking more favourable return on investment terms in the country’s valuable minerals sector. In Zavallia, a central Ukrainian village near an open-air graphite mine, residents and mine officials say they welcome a deal, but it should benefit Ukraine, not just the US.
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