Ferrexpo plc invested USD 55.3mln into iron ore mining and processing plants of Poltava, Eristovo and Belanov located in Ukraine during first nine months of the current year of 2017. More than USD 40mln was channeled for the support of the mining yards and the processing plant near Poltava.
Eristovo and Belanov GOKs received almost USD 15mln of the investment into development in Ukraine. The investment will reach USD 100mln by the end of the year, according to the corporate news of Ferrexpo plc. Those amounts of the yearly investments make an essential influx compared to the previous year.
Ferrexpo plc owns 100% shares of Ferrexpo AG which, in turn, holds 99% of Poltava GOK, and 100% shares of Eristovo GOKs. Notably, Ferrexpo plc was included into FTSE4Good index. Ferrexpo has been floating at London Stock Exchange as FXPO.
To remind, Ferrexpo attracted USD 195mln syndicated loan from foreign lenders recently.
