Poltava GZK
Poltava GZK is a Ukrainian iron ore mining and processing plant located in the Poltava region. It is part of the Ferrexpo group, controlled by Ukrainian businessman Andriy Verevskyi. The enterprise specializes in the extraction and enrichment of iron ore and is one of the main assets of Ferrexpo, a major European producer of iron ore pellets.
-
Ferrexpo raises $100m in share placement led by Kernel's Verevsky
Swiss-registered iron ore group Ferrexpo placed 448,848,484 new shares at 16.5 pence each on 4 September, raising roughly $100 million. Kernel owner Andriy Verevsky contributed $50 million for a 21.4% stake, while existing largest shareholder Fevamotinico subscribed for additional shares. The funds are intended to restart Poltava and Yeristivsky mining and processing plants, which suspended production on 5 August due to security risks and port blockages.