Selling license for the development of large deposits of peat sell

Country: Ukraine

It proposed sale of peat deposit in the form of the purchase of 100% stake in the company that owns the license for the use of mineral resources for the development of deposits of peat as a feedstock for the production of biofuels. TOTAL AREA OF DEPOSIT - 742.0 GA average ash content - 4.6% Average degree of decomposition - 34% of the average moisture content of peat - 92% of the special permit for subsoil use for the industrial development of peat issued for 5 years (until September 2018) with the possibility of a further extension of the license.