KIEV, Nov. 17 – China's Hongxin industrial Group Co. plans to invest $500 million of its own and raised funds in the realization of a project to develop the Velykotokmakske manganese ore field (Stepnohirsk, Vasylivsky District in Zaporizhia region).

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