KIEV, Sept. 18 - Ferrexpo Plc (London), which owns the Poltava Mining Combine, has signed a deal with ZAO Novokramatorsky Machine Building Plant to buy six new excavators for $46 million to build a mine at Yeristovske iron ore field, the company said.

The first shipments will begin in mid-March 2008, enabling the company to begin overburden work by September of next year.