MOSCOW, Sept. 1 - Ferrexpo UK Limited has secured a loan facility of up to $500 million available to the Ferrexpo group's core enterprise, which is Ukrainian iron ore miner Poltava Mining.

Poltava Mining said it had already received two tranches worth a combined $16.7 million of the facility, which is open for 29 months and repayable at LIBOR+2.95% annually.