“Ukraine can launch mining projects several times faster than EU countries” – BGV at events in Brussels and Washington
The BGV Group Management team took part in a series of international events in Europe and the United States focused on critical raw materials (CRMs), economic security, international partnerships, and Ukraine’s reconstruction. Company representatives attended the EU-Ukraine Summit in Brussels, Belgium, and the SAFE Summit in Washington, D.C., both held in late April 2026.
Developing mining operations and critical minerals projects is a priority for BGV. The company continues to advance its initiatives in line with international standards while expanding global partnerships and attracting investment into Ukraine’s CRM sector. Its main focus is building a transparent and competitive industry that can integrate into global supply chains and generate significant added value for Ukraine’s economy.
According to BGV board member Sergii Voitsekhovskyi, Ukraine has the potential to launch new mining projects several times faster than EU countries. It is possible because Ukraine has a highly studied geological base compared to many other regions of the world, substantial mineral reserves, and a wide variety of natural resources concentrated within the country. Another advantage is lower bureaucratic pressure on mining companies.
“In Europe, launching a greenfield mining project from scratch can take up to 17 years on average. Ukraine has the potential to complete that process several times faster. Our country can become part of Europe’s critical raw materials supply chains and play an important role in the continent’s new industrial architecture, and our company is doing everything possible — and impossible — to move from planning to implementation,” says Sergii Voitsekhovskyi. “Over the past 10 years, the BGV group has invested more than $125 million into developing its mining business. A significant share of that investment came after the start of the full-scale invasion, reflecting our long-term strategy and confidence in the potential of Ukraine’s critical raw materials sector. As the next step, we are prepared to invest an additional $25 million to bring our projects to the ready-to-build stage.”
BGV’s mining portfolio is diversified and developed with the risks of the mining industry in mind. Some of the company’s projects were extensively studied and partially prepared for industrial development earlier, giving them additional advantages for future implementation.
Among the company’s flagship initiatives is the BGV Graphite project at the Balakhivske deposit, which was added to the EU’s list of strategic initiatives in 2025. The project has the potential to become a major supplier of spherical graphite for lithium-ion batteries in Europe and the United States. Another key initiative is the BGV Beryllium project at the Perzhanske deposit, one of the world’s largest and highest-quality beryllium mineralization sites.
Overall, BGV representatives focused their presentations and meetings with U.S. government agencies, business associations, and American industry leaders on the future of Ukraine’s mineral sector and on tools to support investment in critical resources and infrastructure in collaboration with international partners.
