In January-March Ferrexpo invested over 748.9 million UAH ($27.8 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works.
In particular, in the maintenance of reserves and development of PGOK 501 million UAH ($18.6 million) was invested, and in the development of EGOK and BGOK – over 247.9 million UAH ($92. million).
“The main PGOK Investments were expenses on the maintenance of the operating manufacture (177 million UAH or $6.6 million) and major strategic projects (119 million UAH, $4.44 million); components (205 million UAH, $7.6 million) and development of northern deposits”, the group reported.
At EGOK and BGOK funds were channeled into processing, railroad development, quarry and infrastructure construction, etc. (Ukrainian metal)