In the ranking of local budgets execution for 2020, Novolativska TC takes 15th place out of 308 communities of Ukraine with a population of up to 5 thousand people.

This area is well known not only for its financial capacity, but also for deposits of quartzite. In general, the balance reserves of these different types of minerals in the community amount to more than 1 billion tons.

Quartzite is widely used in various industries – as a building material for highways, railways and capital construction, as a raw material for the metallurgical industry etc.

On the territory of Novolativska TC there are 2 deposits of ferruginous hematite quartzites with estimated reserves in the amount of 10,870 thousand tons.

It is offered to implement the project for the development of the above-mentioned deposits together with the initiator, «Shid Rud Trade» LLC, on the basis of a permission for the use of subsoil (valid until November 29, 2033).

At the moment, design work is underway to develop a quarry and mine allotment project is being developed. The main mechanisms for cooperation that are being considered:

  • share participation;
  • joint venture;
  • 100% sale/lease;
  • credit funds.

At a distance of less than 5 km, all the necessary engineering infrastructure is available for connection.

Detailed information regarding the specified project is available at the link.

For more information about Novolativska TC check out its Investment profile.