In 2018, Ferrexpo invested over 3.5 billion UAH (more than $139 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works.
In particular, PGOK received 2.414 billion UAH ($90 million), and EGOK and BGOK – 1.073 billion UAH ($40 million).
PGOK spent the funds mostly to maintain its operation (806 million UAH), as well as on major strategic projects (914 million UAH).
Funds for EGOK and BGOK were spent on processing, railroad development, infrastructure construction, etc. (Ukrainian metal)