Mining Day, September 3, 2026

Softmine took part in the specialized industry event of the European Business Association (EBA) – Mining Day 2026. 

The Subsoil Use Committee of the European Business Association brought together leading experts, representatives of the mining industry, government agencies, and international partners. The discussion focused on the impact of wartime conditions on the investment climate and the development of subsoil use, new regulatory changes and the harmonisation of legislation with European standards, the attraction of international investment and project financing, international integration and Ukraine’s role in global supply chains, the long‑term development strategy of the industry, as well as an open dialogue on complex issues of subsoil use. 

The presentations were held within the three panels: 

Panel I. Presentation of the Subsoil Use Committee’s study on the impact of hostilities on companies’ business operations. Necessary incentives to improve the investment climate and further develop the sector.

The main topic was the discussion of the research by the EBA Subsoil Use Committee regarding the consequences of military actions on the business operations of mining companies. Participants assessed damages, logistical problems, and the adaptation of enterprises to operating under martial law.

Panel II. Subsoil use in Ukraine in the context of contemporary geopolitics: resources, investment and new regulations.

 Examination of the role of Ukrainian subsoil use in contemporary global geopolitics. Discuss new regulatory rules and reforms necessary to attract foreign capital and how the state and business can create conditions for real investment projects despite war risks.

Panel III.Subsoil use without illusions: an open discussion of complex issues.

Direct discussion between business representatives and officials from relevant state authorities took place (State Geologic and Subsoil Survey of Ukraine, the Verkhovna Rada Committee on Environmental Policy, etc.). The focus of the discussion is – bureaucratic hurdles, the accessibility of geological data, and the protection of the rights of subsoil users.

Results of the survey Subsoil Use in Wartime and Development Prospects

Despite the war, most companies in the subsoil use sector continue to invest and resume operations. Over half of businesses invested between 2022–2026, and nearly 70% are now operating either fully or partially. At the same time, many enterprises suffered losses in production capacity and revenue, with the biggest challenges being staff mobilisation, corruption risks, energy supply issues, and disrupted logistics.

Key priorities for improving the sector include simplifying land allocation and environmental impact assessment procedures, as well as better access to geological information. Businesses also expect government support through war risk insurance, reduced royalty rates, and stable tax and regulatory frameworks, which could encourage investment even under wartime conditions.