Poltavsky GZK
Poltavsky GZK is a Ukrainian iron ore mining and processing plant and one of Europe's largest producers of iron ore pellets. The enterprise focuses on the extraction and beneficiation of iron ore, supplying pellets mainly to the steel industry. It is part of the Ferrexpo mining group founded by businessman Andriy Verevsky. The plant is located in Horishni Plavni, Poltava Oblast.
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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.