Ferrexpo announces the payment of special dividends of $0.066 per share with the total amount of $40 million, or twice as much as in 2017. The decision has been taken with the view of the improved market situation in H2 2018 and good prospects for 2019. The board of directors will decide on the final…
The British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…
In January-September Ferrexpo invested over 2.4 billion UAH ($90.1 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 1719 million UAH, while EGOK and BGOK – 710.3 million UAH. The main capital expenditures at PGOK were the maintenance of the current manufacture at 568 million UAH ($21.1…
In January-September Ferrexpo Plc, controlling Poltava and Yeristovo Mining and Processing Works, produced 7.756 million tons of pellets, up by 1.3% YoY. In 9 months the company produced 7.257 million tons of pellets with the iron content of 65% and 484.57 thousands tons with the iron content of 62%. In July-September pellets output grew by…
In January-June Ferrexpo invested over 1.4 billion UAH (more than $52.9 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 938 million UAH ($35.1 million), while EGOK and BGOK – 474 million UAH ($17.8 million). The projects to maintain manufacture at PGOK amounted to 333 million…
In January-June Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) transferred 1.3 billion UAH worth of taxes to budgets of all levels. In particular, PGOK transferred over 1.1 billion UAH, EGOK – 189.9 million UAH and BGOK – 5.3 million UAH. Poltava GOK paid 110 million UAH to the local budget, 141 million…
Ferrexpo Plc. can increase the size of the pre-export financing of 2017 from $195 million to $500 million, postponing the payment from 3 to 4 years. According to the draft decision of the extraordinary shareholders meeting of Poltava Mining and Processing Works scheduled for September 17, amendments will be made to the loan agreement of…
In January-July Ferrexpo produced 6.007 million tons of pellets, up by 2% YoY. At the same time concentrate output dropped by 2.1%, to 7.244 million tons. In July the company produced 912 thousand tons of pellets and 1.085 million tons of concentrate. In Q2 Ferrexpo was carrying out repairs of the pellets line No. 1,…
In January-June Ferrexpo decreased net profit by 29.6% YoY, to $152 million. According to the group statement, revenue grew by 4.4%, to $617 million. EBITDA dropped by 18.5%, to $234 million. Net debt as of June 30 decreased to $368 million from $394 million as of December 31, 2017. Sales volumes dropped to 4.798 million…
In January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 550 million UAH of taxes to budgets of all levels. In particular, PGOK paid 464 million UAH to the budget, EGOK – over 84.2 million UAH and BGOK – 2.3 million UAH. PGOK paid 52 million UAH to the city budget, 58…
In January-June Ferrexpo decreased pellets output by 1.2% YoY, to 5.096 million tons. According to the group statement, manufacture of pellets with 65% Fe content dropped by 2.5%, to 4.779 million tons, while that of pellets with 62% Fe content grew by 23%, to 317.1 thousand tons. The pellets manufacture of the group own ore…
Ferrexpo is minimizing pellets sales on the markets of the Eastern Europe, at the same time increasing deliveries to constant buyers of premium products in Germany and Austria, South Korea and Japan. “We are not leaving the markets of the Eastern Europe, but we are gradually decreasing exports there, re-orienting on our main customers, in…
In January-March Ferrexpo invested over 748.9 million UAH ($27.8 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, in the maintenance of reserves and development of PGOK 501 million UAH ($18.6 million) was invested, and in the development of EGOK and BGOK – over 247.9 million UAH ($92.…
In Q1 Ferrexpo produced 2.585 million tons of iron ore pellets, down by 1.5% YoY. According to the group statement, it produced 149.9 thousand tons of pellets of 62% iron contents ore and 2.435 million tons of 65% ore. Manufacture of pellets of its own ore dropped by 1.6%, to 2.571 million tons, while of…
In 2017 Ferrexpo invested over $100 million in its Ukrainian assets. “Poltava, Yeristovo and Belanovsky GOKs received 2.7 billion UAH from Ferrexpo last year”, the company reported. In particular, for deposits maintenance and development PGOK received 1698.3 million UAH ($62.9 million), while Yeristovo and Belanovsky GOKs were given 995.3 million UAH ($37.3 million) for development.…
In 2017 Ferrexpo plc increased net profit 2.1-fold, or by $205.272 million, to $394.472 million.
Revenue grew by 21.4%, to $1197.494 million.
EBITDA increased by 46.9%, to $551 million.
Last year Ferrexpo produced 10.444 million tons of pellets, down by 6.8% YoY. (Ukrainian metal)
In January-February Ferrexpo produced 1.675 million tons of iron ore pellets, down by 3.8% YoY.
Concentrate output dropped by 6.4%, to 2.019 million tons.
In February Ferrexpo produced 771 thousand tons of pellets and 926 thousand tons of concentrate.
Last year Ferrexpo decreased pellets production by 6.8% YoY, to 10.444 million tons. (Ukrainian metal)
Ferrexpo plc is considering a squeeze-out at Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine.
At present this move is being analyzed.
Ferrexpo plc owns 100% of Ferrexpo AG, which in its turn is the owner of 99.11% of PGOK and 100% of Yeristovo GOK. (Ukrainian metal)
In 2017 Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid over 1.3 billion UAH of taxes to all budgets, up by 62% YoY. According to the group statement, PGOK paid 1008 million UAH, EGOK – 305.6 million UAH and BGOK – 6.1 million UAH of taxes. In particular, PGOK paid 167 million…
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to “B” from “B-”, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to “B” from “B-”. The Recovery Rating is unchanged at “RR4”,” the report says. “The…
In 2017 Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, sold 10.4 million tons of iron ore pellets, down by 11.1% YoY, while output decreased by 6.8%, to 10.444 million tons, mostly because of the crusher’s repair. 65% Fe content pellets manufacture dropped by 6.2%, to 9.885 million tons, while that of 62%…
Standard&Poor’s has changed the rating forecast for Ferrexpo plc, owner of Poltava and Yeristovo GOKs, from Stable to Positive. On December 29, 2017 S&P improved the group rating following the “high productivity” shown lately. The agency has also confirmed Ferrexpo’s long-term rating at B-. The rating improvement is the result of the stable iron ore…
In January-September Ferrexpo paid 913.6 million UAH of taxes, up by 43.4% YoY. In particular, Poltava Mining And Processing Works paid 693 million UAH of taxes, Yeristovo GOK – 216.3 million UAH and Belanovsky GOK – over 4.3 million UAH. PGOK paid 122 million UAH to the local budget, 101 million UAH to the regional…
In January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…
Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, has attracted a 3-year $195-million loan. The loan has been organized by BNP Paribas and issued by 6 international entities. The loan has to be repaid by December 31, 2020. In January-September Ferrexpo exported 7.526 million tons of pellets. In 2016 the group received $189.2 million…
In January-September Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, produced 7.652 million tons of pellets, down by 8.1% YoY.
In particular, the group produced 414.5 thousand tons of 62% Fe content pellets of its own ore and 7.216 million tons of pellets with 65% Fe content. (Ukrainian metal)