Geological Data as a Company’s Asset and the Basis for Investment Decisions

VIII international scientific-practical conference “Subsoil Use in Ukraine. Prospects for Investment” (9-12 October 2023, Lviv, Ukraine). Conference proceedings

Geological data is the basis of resource and reserve estimation and is one of the company’s assets. Geological and geology-related risks are essential in investment decision-making, and reliable geological data form the basis for the sustainable development of the mining business. The creation and implementation of a digitalisation strategy for the industry in Ukraine, transparency and some regulation at the national level will help increase the investment prospects for Ukrainian projects.