Velta LLC is a Ukrainian company, set up in 2000 for the development of Birzulivske ilmenite deposit, located near the Korobchino village of Novomirgorod district, Kirovograd region. In the same year the company obtained a special permit for geological exploration of Birzulivske ilmenite deposit.
In 2001-2006 the detailed exploration of the deposit was performed for the Velta’s funds and the mining licence was obtained in 2007.
During the years 2007-2009 the company carried out design, administrative and research works, and in 2010 it was granted the approval for Open Pit and Processing Plant (Wet Concentrator and Mineral Separation Plant).
Processing Plant was built during 2011 and was officially opened in December, the same year. The total volume of Velta’s investment in the first phase of Processing Plant amounts to $80 millions.
As the result of the Vth World Congress of the titanium industry, which was held in Hong Kong in November 2011, Velta was the only new company in the industry that started ilmenite deliveries in 2012, confirmed by shipping of the first production lot in April 2012.