The State Service of Geology and Mineral Resources of Ukraine: There's no limit to "login" fossil market

 

Since 2014 Derzhheonadra Ukraine transferred to the State Budget of Ukraine 487 490 787.35 USD. payment of the fee for issuance of special permits for mineral resources and funds from the sale of permits, almost half (86%) higher than planned for this year rate of cash receipts. Successful in attracting investment heolorozvidku and mining took place as part of a strategy developed by the State Service of Geology and Mineral Resources of Ukraine.
 
Dmitry Kashchuk, Chairman of the State Service of Geology and Mineral Resources of Ukraine, said: "Our priority is to ensure the rational use of natural resources of the state and investment in mineral resources. Foreign investors today and alarming situation in the country and the instability of tax legislation, so they are in no hurry to invest in Ukrainian bowels. But we are fighting for every investor, considering its strategic at this difficult time for the economy, improve legislation and develop effective mechanisms to attract investors. "
 
Finding investment in mineral resources is carried out, in particular, through the sale of special permits for periodic auctions that are open and transparent procedure. Under current legislation, any company without any restrictions by filing certain documents can take part in the auction and win it by offering the highest price. In 2014, a total of 2 auctions were held, which was attended by 18 companies, 10 of which were declared winners.
 
In the context of negative statements in some Ukrainian mass media on the auction conducted by the State Service of Geology and Mineral Resources of Ukraine November 12, 2014, on the issue, including two special permits for subsoil use Bilychivskoyi area (Poltava region. Chornuhynskyy district) and Losyschynskoyi area (Sumy region. Romenskyi district) Company Ltd. "Advantage Energy» and «Slobidnafta" under Dmitry Kashchuk said: "There's no limit to" login "fossil market, but control each subsoil in terms of performance obligations' commitments assumed by the state. Failure to comply with the agreed program of work under the contract of subsoil users in a timely manner is grounds for revocation of special permits. In this way Derzhheonadra Ukraine effectively control subsoil users and deny special permits those companies that violate the terms obtained special permits. We provide equal rights for all companies wishing to carry out mining operations, so any speculation regarding preferences to firms is irrelevant and can only lead to an outflow of investments. I encourage all third parties to be impartial and jointly promote the investment potential of Ukraine in the field of mineral resources. "
 
Sale price special permits Ltd. "Advantage Energy" is 3 402 800,00 UAH. And LLC "Slobidnafta" - 3 187 400,00 USD. However, special permits for Bilychivskiy area and Losyschynskiy area exposed to auction 7 times in the last 3 years, only this time they were sold to investors. All companies that have applied to participate in the auction, has been admitted to trading.
 
 
December 1, 2014
Ministry of Ecology and Natural Resources of Ukraine