UNIAN
The leadership of the National Joint Stock Company Nadra Ukrainy has met in Toronto with international investors to present a range of mining projects for implementation in Ukraine.
At the annual meeting of the Prospectors and Developers Association of Canada, representatives of the Ukrainian company, headed by the Chairman of the Board Jaroslav Klimovich, presented a number of mining projects for implementation in Ukraine to international investors from Europe and Central Asia, particularly Kazakhstan, Kyrgyzstan and Armenia.
The Ukrainian company representatives also held meetings with their counterparts from major mining companies such as Rio Tinto, P & E Mining Consultants Inc., Black Iron and others.
The program of the association meeting included an international mining investment fair, a trade show, and a seminar on "Prospects for Canadian-Ukrainian cooperation in the mining industry."
Media reports said that during this meeting the Ukrainian side established a business partnership between the two states that promises to expand the potential of the Ukrainian mining sector.
As UNIAN reported earlier, Nadra Ukrainy intends to increase gas production in western Ukraine in cooperation with the Slovak gas producer NAFTA.
National Joint Stock Company Nadra Ukrainy was established under a Presidential Decree as of June 14, 2000 "On measures to improve the geology industry's business efficiency" aimed at providing for the country’s needs in minerals, as well as maintaining and capacity building of geological enterprises.
The company consists of 13 exploration and specialized enterprises.
In 2014, Nadra Ukrainy saw its gas production drop by 2.3 times compared to 2013, to 10.8 million cubic meters.