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Fyodorovskoye titanium deposits can change the master

In the Zhytomyr region again, «passions run high» around the titanium deposits: the former owner Fedorovsky magmatic apatite-titanomagnetite-ilmenite ore (JSC «TAKO» Viktor Vekselberg) has received an offer to purchase the company's assets. The new owner, if the deal goes through, will Ltd. «Fedorov careers» (Ukrainian joint venture «Geoengineering» Ltd. and the Austrian company «DE SANCTIS Holding GmbH»). Final issue price has not been announced, but a portfolio of 99.87% of assets, which have expressed their desire to acquire the potential owners of a titanium mine, includes about 25 million. Shares, with a value of 1 hryvnia apiece. Earlier it was reported that the license to develop the mine titanium deposits Fedorovsky company «TAKO» received in 2003 for the period until 2013. However, in December of 2008. The Ministry of Environmental Protection revoked permission for mining of ore in this career, and ZAO «Titanium apatite Company» in 2009 stopped the publication of annual accounts. This is not the first Titanium project in Zhytomyr region-catching media attention this year. Recall that in mid-September, plans to build a powerful GOK Kropivenskom apatite-ilmenite-titanomagnetite mine, the company said, «Sirius.» The projects the company — the construction of mining facilities with titanium processing capacity of about 12 million tons of ore per year.

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