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September 06, 2008


Signing of iron ore deal postponed in Ukraine

Ukrainian Journal reported that Ukraine has postponed indefinitely the signing of an agreement with a Russian Ukrainian consortium for the development of a major iron ore deposit. The report cited a spokeswoman of the Ukrainian State Property Fund as saying this on last Thursday.

Ukraine’s State Property Fund planned to sign the agreement on Thursday with the consortium of Russia’s Metalloinvest and Ukraine’s Smart Group to give the consortium a 50% stake in the project.