US EditionUkraine Awards Major Lithium Project to Investors With Links to Trump
The consortium includes billionaire Ronald S. Lauder and TechMet, linked to the Trump administration, pledging over $179 million for lithium extraction under a production-sharing contract.
- On Thursday, a Ukrainian government commission awarded a bid to mine the Dobra lithium field in central Ukraine to a consortium including Ronald S. Lauder and TechMet.
- Kyiv cultivated ties with U.S. investors to signal cooperation, granting the U.S. a stake in mineral resources last spring, amid Zelenskyy's $179 million reconstruction plan.
- The contract specifies a production-sharing arrangement that shares output with Ukraine, directs half of Dobra revenue to a joint U.S.-Ukraine investment fund, and required a tender minimum $179 million which the winning bid far-exceeded.
- The consortium must first conduct a geological survey then finance equipment and infrastructure, and industry experts say it typically takes about 15 years to reach extraction, delaying profits.
- The award raises potential conflicts of interest because the U.S. International Development Finance Corporation holds stakes in TechMet and the government-controlled mine, and since President Donald Trump returned, the U.S.-Ukraine relationship has shifted toward investment over military aid.
16 Articles
16 Articles
The consortium that won the tender to develop one of Europe's largest lithium deposits included Ronald Lauder, a close ally of Donald Trump.
Kievul gave a group of investors the right to exploit one of the most promising Ukrainian state litigation bids, following a tender for an agreement to share the production launched in the summer, reported New York Times on 8...
Key Ukrainian lithium project awarded to investment group tied to Trump, NYT reports
Kyiv has awarded a tender to a group of investors to mine one of its most promising lithium deposits following a tender for a production sharing agreement launched in the summer, the New York Times reported on Jan. 8, citing two anonymous Ukrainian officials.
Ukraine awards major lithium tender to group linked to Donald Trump allies
Ukrainian authorities have awarded development rights for one of the country’s largest untapped lithium deposits to a group of investors connected to former US President Donald Trump, The New York Times reports.
Trump's billionaire pal scores massive lithium mining deal in Ukraine: report
One of President Donald Trump's billionaire friends was awarded a lucrative mining contract in Ukraine on Thursday, according to a new report. The New York Times reported on Thursday that a Ukrainian government commission awarded a bid for a major lithium mine to a "consortium" of investors, including Ronald S. Lauder, a billionaire cosmetics heir who has known Trump for decades. Lauder is also quietly driving Trump's ambitions to acquire Greenl…
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