KOMSOMOLSK, Dec. 4 - Ukraine's top iron ore pellet producer, Poltava Mining, plans to invest $300 million in the construction of a crushing and concentration plant as part of the development of the Yeristov deposit, CEO Viktor Lotous said.

"We plan to launch it in five years. The construction of the plant is estimated at $300 million, for which we will raise bank loans," he said.

The company also plans to develop the Lavrikov deposit, he said.