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Poltava GOK To Open New Pit In 2006

Poltava GOK To Open New Pit In 2006

11 August 2008

The new deposit has reserves of 822.3 mln mt with an iron content of 26.9% to 33.7% and the company says extraction costs will be cheaper. Concorde Capital: As described in our June 16 report, the new pit will enable PGOK to increase its pelletizing capacity utilization, which is currently loaded at 83%.

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