BGV Group Management Promotes British-Ukrainian Mining Partnership in London

05/04/2024

Image source: pixelied.com / pixabay.com

On March 26, BGV Group Management, one of Ukraine’s largest investment companies, showcased cooperation opportunities with Ukraine in the mining sector at a prestigious event in London. Founder Gennadii Butkevych and the management team were invited to join British parliamentarians, members of the House of Lords, and state ministers at the Houses of Parliament to discuss investment prospects in Ukraine. The focus was on fostering British-Ukrainian collaboration in critical minerals mining to facilitate the UK’s advancement in technology and its transition to clean energy.

The event witnessed the participation of Lord Martin Callanan, Under Secretary for Energy Efficiency and Green Investment at the Department for Energy Security and Net Zero, and Bob Seely MP, alongside representatives from Ukrainian business entities.

During their address, the BGV team outlined three key areas for bilateral development:

Exploration of Ukraine’s Mining Potential: Highlighting Ukraine’s abundance of critical minerals essential for advanced technologies and clean energy transition. With over 117 mineral types discovered, including 22 out of 30 critical resources identified by the EU, Ukraine possesses substantial reserves of minerals like beryllium, zirconium, titanium, rare earths, and graphite, strategically located with favorable logistics.
Risk Mitigation: Emphasizing the necessity of war risk insurance to safeguard foreign investments in Ukraine. The Multilateral Investment Guarantee Agency (MIGA) and other international entities offer insurance mechanisms to support investments in Ukrainian projects.
Investment Opportunities: Encouraging increased British investment in Ukrainian mining. BGV Group, with over $100 million invested in Ukrainian mining projects, expressed readiness to collaborate with British investors. Projects such as the Balakhiv graphite production complex and the Perzhansk beryllium deposit were presented as potential areas for investment.

The BGV team stressed that collaboration in critical minerals could provide Britain with a robust resource base for various industries, including medicine, automotive, technology, aerospace, while reducing European dependence on Chinese minerals.

Source and Credit: bgv.com.ua