BGV Group Management made a significant impact at the Ukrainian House in Davos during the World Economic Forum’s unofficial program. The team participated in a panel discussion titled “Ukraine: A country with mineral reserves worth $12 trillion.” The panel featured key representatives from the Ukrainian Ministry of Economy, global consulting firms, and American businesses, highlighting the strategic importance of Ukraine’s mineral wealth.
BGV Group Management, a prominent player in Ukraine’s critical materials mining sector for nearly a decade, shared their ambitious plans to enter the international critical raw materials (CRM) market. Sergii Voitsekhovskyi, a member of BGV Group Management’s board of directors, emphasized their focus on graphite and beryllium.
The company provided updates on their flagship graphite mining project, BGV Graphite, based on the Balakhivske deposit. By early 2025, they completed the preliminary feasibility study (PFS) and pilot technological tests for the final product. Rozvytok Pobuzhzhia, part of the BGV Group, has been working with Metso (Finland) on basic engineering for an enrichment plant. The design for a mining and enrichment complex is underway, with construction set to begin in the first quarter of 2026. The graphite concentrate from the Balakhiv deposit boasts a high carbon content of 97%, compared to the standard 95%. In 2024, tests for further graphite purification to a battery-grade quality of 99.99% and production of spherical graphite (SPG) were completed, in collaboration with German partner ANZAPLAN. Testing confirmed the high quality of the anode material for lithium-ion batteries.
In 2025, BGV Group Management will start designing the SPG production plant. Voitsekhovskyi also provided updates on the beryllium mining project, BGV Beryllium. The company has conducted verification drilling and research, initiating a preliminary feasibility study in 2024. They highlighted the potential for mining valuable associated minerals like zinc, rare earth elements, and rare metal elements.
“Ukraine is a country of new opportunities. We have 22 out of 50 strategic materials identified by the US as critically important, as well as 25 out of 34 recognized as critical in the EU. Our country is a country of highly qualified professionals with significant practical experience, scientifically based approaches, advantageous logistics, support for CRM projects at the government and community levels, as well as sustainable, responsible, and motivated businesses that, despite the war, remain in Ukraine, investing in mining and other projects. The future of the global economy and the advancement of international security are already unfolding, and Ukraine plays a crucial role in this process. Specifically, Ukraine possesses all the prerequisites to greatly enhance the international mining sector and become a reliable partner in the field of critical raw materials (CRM),” Voitsehovskyi stated.
BGV Group Management presented the Ukrainian House in Davos with a symbolic gift—a sample of graphite ore sourced during geological research at the Balakhivske deposit in the Kirovohrad region. This gift symbolizes the potential and ongoing efforts in CRM projects, showcasing the company’s commitment to development despite the ongoing conflict.
