British-based Ferrexpo plc in January-March 2019 invested UAH 1.3 billion (over $47.5 million) in the development of Poltava, Yeristovo and Belanovo mining and processing plants (GOK) it controls, which is 73.6% more than the investments for the same period in 2018 in the hryvnia (over UAH 748.9 million) and 71% in U.S. dollars (over $27.8 million).
According to the investment program approved by the board of directors, Ferrexpo Group for January-March 2019 invested more than UAH 855 million, or more than $31.4 million, in Poltava GOK (Ferrexpo Poltava Mining), over UAH 438.3 million, or more than $16.1 million in the development of Yeristovo and Belanovo GOKs (Ferrexpo Yeristovo Mining, Ferrexpo Belanovo Mining).
The main capital investments of PGOK were the costs of supporting existing production in the amount of over UAH 209 million, or more than $5 million and large strategic projects worth over UAH 272 million, or more than $16.3 million, components worth over UAH 373 million, or more than $10 million.
The funds of YeGOK and BGOK were invested in processing, the development of railway tracks and objects, in projects for capital construction of infrastructure, quarrying, geological and other work.
