The implementation of a minerals deal between the US and Ukraine would require multi-billion dollar investments and could result in losses for US companies, according to the Washington Post, Report informs via TASS.
The full extent of what lies below ground in Ukraine is not totally clear, and the work of mining and processing minerals is slow, messy and can require vast new infrastructure, with uncertain costs. In many cases, that means deposits are not economically viable to exploit.
“Ukraine has significant mineral potential, but how large that potential is, we simply don’t know,” said Rod Eggert, deputy director of the Critical Materials Innovation Hub at the Colorado School of Mines.
See the full story: US concerns over minerals deal with Ukraine leading to potential losses