The Ukrainian state commission has chosen a consortium of American investors as the winner of the competition to develop the lithium deposit ‘Dilyanka Dobra’ in the Kirovohrad region. The final decision still needs to be approved by the Cabinet of Ministers.
This is reported by Finway
American Consortium and Its Ties to the Trump Administration
The winning consortium includes businessmen with close ties to the administration of US President Donald Trump. One of the key participants is the well-known billionaire Ronald Lauder, who previously advocated for the purchase of resource-rich Greenland. Another representative of the consortium is the energy company TechMet, a share of which is owned by a US government investment agency established during Trump’s first term.
Cooperation Agreement and Profit Sharing
In March of last year, Ukraine signed an agreement that expands US access to the extraction of Ukrainian mineral resources. In September of last year, the State Service of Geology and Mineral Resources of Ukraine announced a competition for entering into an agreement on the distribution of minerals related to the development and enrichment of ‘Dilyanka Dobra’ — one of the largest lithium deposits in the country. According to the provisions of this agreement, half of the revenue that the Ukrainian government receives from the operation of the deposit will be directed to a joint investment fund.
“The winning consortium is closely connected to the administration of US President Donald Trump. Among its participants is billionaire Ronald Lauder, who is close to Trump and one of the initiators of the idea to buy resource-rich Greenland. Another participant in the consortium is the energy company TechMet, which is partially owned by a US government investment agency established during Trump’s first presidential term.”