Over 80 subsoil areas to be auctioned and competed for - list.

The Cabinet of Ministers has approved the list of important minerals and subsoil areas

The Cabinet of Ministers has approved the list of important minerals and over 80 subsoil areas that will be auctioned and competed for to attract investments in mineral extraction.

This was reported by the .

How Ukraine will attract investments in mineral extraction

In total, 60 areas will be transferred through electronic auctions, and another 26 through competitions under special agreements. This will help attract investors for the extraction of lithium, titanium, copper, and other important resources for the economy and security of the country.

'The approval of lists of strategic and critical natural resources and subsoil areas is an important step for preserving national security, developing innovative production, and increasing the industrial potential of the state.'

— believes the Minister of Environmental Protection and Natural Resources, Svitlana Hrynchuk.

This decision supports the law on the development of the mineral raw material base until 2030 and corresponds to Ukraine's plans and agreements with the USA regarding economic recovery.

What will change in the Ukrainian market for strategic and critical raw materials

Svitlana Hrynchuk also stated that such steps will help better manage the subsoil, attract investments in the mining sector, and create new jobs. The list of strategic minerals includes 11 types, among which:

• copper;
• lithium;
• uranium;
• titanium;
• nickel;
• beryllium;
• aluminum.

In total, the list of critical minerals includes 28 types of various raw materials.

'The document approved by the government is the foundation for launching the Ukrainian market for strategic and critical raw materials, and thus the filling of the American-Ukrainian Investment Fund.'

— Svitlana Hrynchuk believes.

Opening access to subsoil through transparent electronic trading should help the economy, create new jobs, and strengthen Ukraine's energy and strategic independence.