The company Development of Pobuzhzhia, which is part of BGV Group Management owned by the co-owner of the supermarket chain ATB, Hennadii Butkevych, has signed a memorandum of intent for cooperation with the state institution Office for Investment Attraction and Support – UkraineInvest.
This is reported by Business • Media
This agreement is an important step in attracting international funding and state support for the implementation of projects with significant investments in the Ukrainian mining industry. This pertains, in particular, to the exploration, extraction, and processing of critical materials. UkraineInvest will provide informational, consulting, and organizational support, as well as facilitate effective interaction between investors and government bodies.
The company Development of Pobuzhzhia plans to develop the Balakhivske Deposit in the Kirovohrad region. The project includes the construction of a mining and processing plant and a facility for the production of spherical graphite, which will be used for lithium-ion batteries. BGV Group has been working on this project for six years and aims to enter the supply chain for battery production for global and European markets. Total investments in the project may reach up to $450 million.