December 02, 2008

Ferrexpo Plc to buy 6 new excavators for USD 46 million

Ukrainian Journal reported that Ferrexpo Plc which owns the Poltava Mining Combine has signed a deal with ZAO Novokramatorsky Machine Building Plant to buy 6 new excavators for USD 46 million to build a mine at Yeristovske iron ore field.

The first shipments will begin in mid March 2008, enabling the company to begin overburden work by September of next year.