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Ukrainian mine buys Caterpillar excavators and pipelayers
(04/10/2006)

In 1924, A.A. Stron discovered a magnetic anomaly containing ten deposits of ferruginous quartzite and high-grade iron ores in the Ukrainian region of Poltava. Poltava mine, the forerunner of the mining industry, was built on the site of the first two deposits and Komsomolsk, one of Ukraine’s most beautiful cities, rose nearby. Construction was completed in 1970 on the Poltava mine. Today, the mine is operated with 100% private capital. Volno... [more]

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