Investment company BGV Group Management in 2024 plans to begin construction of a plant to produce graphite concentrate and spherical granite on the basis of Balakhovskoye deposit (Kirovograd region).
“BGV’s team is currently performing the second stage of pilot tests of the processing plant and completing the design of the production complex and graphite pilot tests on the Balakhovskoye project. Next year, the company plans to start building one of the largest production complexes in Europe,” BGV Group Management said in a press release.
According to its data, the facility’s potential capacity will be 50,000 tons of graphite concentrate per year and 19,000 tons of spherical graphite for lithium-ion batteries. The company expects that such volume will be able to cover a significant part of the European Union market demand.
BGV is also working on a pre-feasibility study for the Perzhansky complex beryllium deposit (Zhytomyr region) and expects to present the results to investors soon. According to its data, the deposit has reserves of 2.34 million tons of ore. In addition, it also has reserves of zinc, rare earth elements and other materials.
Investments in extraction and further processing of raw materials are one of the main focuses of the company, BGV Group Management board member Sergii Voytsekhovskii said during the presentation of projects at Ukraine Recovery Conference 2023 in London. According to him, the investments of the group and its founder Gennady Butkevich in the Ukrainian mining projects amounted to over $100 mln in eight years.
BGV Group Management is an investment company, which develops businesses and projects in mining, processing, energy efficiency, retail and development. Its founder Gennady Butkevich is also a co-owner of ATB Corporation
