KIEV, July 29 – Pivnichny Mining (SevGOK, Kryvy Rih, Dnipropetrovsk region) will spend UAH 1.4 billion on modernization in 2013, Deputy Prime Minister Oleksandr Vilkul said.

"These funds will allow it to implement innovative projects. In particular, due to the timely upgrading and overhauls of roasting machines in pellet workshops, the productivity of the equipment increased and energy consumption decreased," Vilkul said.