Ukrainian Journal reported that China Hongxin industrial Group Co plans to invest USD 500 million of its own and raised funds in the realization of a project to develop the Velykotokmakske manganese ore field.

Mr Silian Li chairman of Changyang Hongxin industrial Group at the fourth international investment forum in Zaporizhia said Ukraine currently has a shortage of electrolytic manganese metal flakes and imports 30,000 tons of manganese per year from China.

(Sourced from Ukrainian Journal)