Poltava Iron Ore to Construct a New Crushing and Concentrating Mill
4 December 2008
The president of Poltava Iron Ore (PGOK: U/R), Viktor Lotous, announced the company will construct a USD 300 mln crushing and concentrating mill, as part of the program to develop the Eristovskoe deposit. Lotous said the mill will be completed in five years, according to UNIAN. Overall, investments into modernization in 2008 will rise to USD 120 mln vs. USD 80 mln this year. The company is targeting boosting iron ore extraction to 32 mln mt annually by 2012.
