Viktor Nusenkis wants to get rid of iron ore

Donetskstal of Viktor Nusenkis looks for purchaser for its reserves of iron ore – a site of Gulyaipolsk deposit in the Zaporozhye region. The Industrial group Magnetit, which owns licenses for development and operation of the site, was put up for trade, the Chief of the Donetskstal’s Department on Work with Investors Oleg Kozhushok said. The Nusenkis’ company wants to receive for the deposit, in which Donetskstal invested about $10 million, five times more, the Ukrainian Forbes writes.

The Vasinovsky site with area of 1500 ha is located in the Orekhov district of the Zaporozhye region. The reserves at the site make up 330 million tons of iron ore under the State Reserves Committee’s Soviet classification. 97% of the Industrial group Magnetit belong to the company Investrazvitie, which is a part of Donetskstal.