German investor acquired an amber deposit in Rivne region

German investor acquired an amber deposit in Rivne region

A German entrepreneur buys an amber deposit in the Rivne region, and Concorde Capital purchases a limestone deposit in the Dnipropetrovsk region.

A license to mine amber at the Kryuchkova site, with an area of almost 40 hectares in the Rivne region, was sold at auction for ₴3.48M ($92,000). The auction winner was a Kyiv company; the ultimate beneficiaries were German citizen Marc Kloepfel and Ukrainian citizen Dmytro Ugro.

The license is issued for ten years and grants the right to conduct a geological study of the amber deposit, research, and industrial development with subsequent extraction.

Kloepfel is actively entering the Ukrainian market and positions himself as a specialist in business development in international markets, investing in Western Europe.

Also, the Maryansky Quarry belonging to businessmen Igor Mazepa (Concorde Capital) and Vitaliy Antonov (Galnaftogaz, OKKO), who own the Kryvyi Rig Cement plant, bought for ₴58.25M ($1.5M) a 20-year permit for the use of subsoil in order to extract limestone at the Maryansky deposit in the Dnipropetrovsk region.

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