Hubei Changyang Hongxin Industrial Group Co., Ltd. (China) – acquiring and developing Velykotokmatske Manganese Ore Deposit in Zaporizhia Region of Ukraine

Advising China's largest producer of electrolytic manganese Hubei Changyang Hongxin Industrial Group Co., Ltd. on acquiring and developing the manganese deposit in Ukraine with planned capacity of manganese ore extraction close to 5 million tons per year and approximately 200 thousand tons per year production of electrolytic manganese. The total investment will exceed US$ 1 billion. The project is designed as a phased implementation over the next 10 years.

Vasil Kisil & Partners advise Hubei Changyang Hongxin Industrial Group, inter alia, on acquiring shares in the Ukrainian company, which has special permits for the development of the deposit, preparing the purchase contract and other transaction documents and negotiations with Ukrainian partners. 

VKP is also providing on-going legal support to Hubei Changyang Hongxin Industrial Group on all regulatory issues concerned, including the procedure for obtaining necessary permits and approvals to develop the deposit, construction of mine and processing plant, land acquisition issues, the injection of foreign investment, as well as other current matters of business operation.