VESCO Group in Ukraine Obtains Special Permits for Two Subsoil Use Sites in Ukraine — the Vovkivske Clay Deposit and the Kvasivska Primary Kaolin Site
Following the results of auctions, MR Invest LLC, a company of the VESCO Group in Ukraine, obtained special permits for subsoil use at the Vovkivske clay deposit and the Kvasivska primary kaolin site in the Zakarpattia Region.
The cost of the 20-year permit for the Vovkivske clay deposit, located 0.5 km east of the village of Ruski Komarivtsi in the Uzhhorod District, amounts to UAH 14.75 million. Total proven clay reserves (categories A+B+C1) are estimated at 5.58 million m³.
The cost of the 10-year permit for the Kvasivska primary kaolin site, located on the north-western outskirts of the village of Kvasovo in the Berehove District, amounts to UAH 2.301 million. According to the State Balance of Mineral Resources of Ukraine, the primary kaolin reserves of this site are not recorded.
“We aim to maintain operational resilience and fulfil our obligations to partners and the state. Due to limited access to part of our deposits in eastern Ukraine, we are exploring new regions for the development of mining operations, so we closely monitor auction announcements by the State Service of Geology and Subsoil of Ukraine. The long-standing expertise of our team allows us to promptly carry out preliminary assessments of deposits, taking into account geological potential and logistics, and to make decisions on participation,” said Serhii Shevchenko, Executive Director of the VESCO Group in Ukraine.
As part of its regional development strategy, in November the Group already took the first step toward a detailed assessment of mining development opportunities in the Zakarpattia Region by obtaining a special permit for geological exploration of the Irlavska site.
Further plans for all sites in the Zakarpattia Region include geological exploration in accordance with the obtained special permits, scheduled for 2026, as well as a comprehensive assessment of the investment attractiveness of the deposits. This will enable planning of further business development with regard to the long-term needs of the Ukrainian market. Preliminary total costs for this stage are estimated at USD 300,000.
“The production of ceramic raw materials is a key area of our business. We are consistently expanding our product portfolio, including kaolin, which is an important component for the ceramic industry,” Serhii Shevchenko noted. “Under current conditions, our priority is to maintain industry stability, remain a reliable supplier of ceramic raw materials, and preserve long-term partnerships with our customers.”
The acquisition of the permits is in line with the VESCO Group’s strategy to expand its product portfolio and locally scale its business.
