Ferrexpo to increase investment in Ukraine-based Poltava GOK

Swiss-headquartered resources company Ferrexpo, which controls the Poltava GOK and Yeristovsky GOK iron ore mines in Ukraine, has stated that in the current year at Poltava GOK it plans to increase investment in maintenance of active production capacities and their further enlargement as well as in technical re-equipping by 12.7 percent year on year to UAH 1.69 billion ($139.118 million). In 2012, Ferrexpo had invested UAH 1.98 billion in the production facilities at Poltava GOK, compared to UAH 1.5 billion in 2013.