Ukraine is one of the richest countries in Europe in terms of mineral resources. The mining sector covers a wide range of natural resources: natural gas, oil, coal, iron ore, titanium, manganese, refractory clay, quartz sand, construction stones, uranium ore and other minerals.

The mining industry is an integral part of the country’s energy sector, providing key resources for industry and power generation. However, it faces a number of challenges, including adapting to new environmental requirements, developing sustainable technologies, and the need for significant investments to modernise and expand production capacity. In 2024, the mining sector attracted $530 million in foreign investments, and total revenues to the state budget from this industry amounted to UAH 3 billion. However, the total inflow of foreign direct investment in Ukraine in 11 months of 2024 decreased by 14%, amounting to $3.98 billion compared to the same period of the previous year.

BDO’s impact on industry development

Understanding the challenges faced by the mining industry, BDO’s team in Ukraine offers comprehensive support to companies in this sector. Our experts help to attract investments, develop sustainable development strategies, provide M&A advisory services, and assist in solving key business problems.

BDO’s expertise in mining industry

BDO in Ukraine has many years of experience working with companies in the mining industry. We provide audit of financial statements and advisory services, cooperate with companies in the oil and gas sector, and have participated in major industry events. In particular, Corporate Finance team of BDO in Ukraine was involved in the privatisation of United Mining and Chemical Company (UMCC) Titan as the advisor to the State Property Fund of Ukraine.

We specialise in the following services for companies in the mining industry

• Audit and preparation of financial statements.
• Consulting on business development, financial management and cost optimisation.
• Tax and legal practice that helps ensure compliance with legal requirements and optimise tax liabilities.
• Accounting outsourcing to ensure efficient accounting and reporting.
• BDO Digital — digital solutions for process automation and business development based on Microsoft products, implementation of artificial intelligence (Copilot from Microsoft and customised bots from ChatGPT), cybersecurity.
• Sustainable development (ESG) and energy efficiency services aimed at optimising the use of resources and reducing the negative impact on the environment.

 

Geographical coverage of BDO in Ukraine

We have three offices in key cities: Dnipro, Kyiv and Lviv. More than 230 of highly qualified specialists provide professional services to our clients in all areas of activity, including mining and related industries.
Contact BDO in Ukraine and you will receive not only practical advice, but also high-quality service that will allow your company to adapt to changes, grow and succeed in a rapidly changing market.