In January-June, Ferrexpo increased the share of iron ore pellets deliveries to the South-Eastern Asia countries, including China, to 67% from 30% last year. Sales to the Central and Eastern Europe dropped to 21% from 36%, to Western Europe – to 4% from 13%, to North-Eastern Asia – to 3% from 16% and to the…
The Ferrexpo board of directors has announced the payment of additional special interim dividends in the amount of $0.066. The new dividends follow those announced in June (with the same amount) and in July (also $0.066), thus bringing the total to $0.198. The special interim dividends will be paid on October 8 in pounds sterling…
Acting CEO of Ferrexpo plc with assets in Ukraine Jim North has been appointed executive director with immediate effect. North joined Ferrexpo in November 2014, serving previously at London Mining plc, Rio Tinto and BHP. Chris Mawe will step down from the office of the financial director, when the transition process is set up. The…
In 2019, Ferrexpo paid over 2.8 billion UAH ($107.6 million) of taxes to budgets of all levels. In particular, 149.9 million UAH was paid to the local budget, over 403.2 million to the regional budget and 2228.3 billion UAH to the state budget. Payments in Ukraine accounted for 94.2% of all the group payments last…
Ferrexpo has decided not to apply for tax holidays and will pay taxes to all budgets during the pandemic in full. This decision is aimed at supporting territorial communities to allow them not to cut social programs and have an opportunity to transfer additional funds to health sphere. “We understand, that what we pay to…
In January-March, Ferrexpo increased pellets output by 7.4% YoY, to 2.725 million tons. In particular, manufacture of pellets of ore with the iron content of 62% decreased by 31.8%, to 73.3 thousand tons, but with iron content of 65% grew by 9.1%, to 2.652 million tons. It is expected that sales in Q1 will reach…
In January-March, Ferrexpo increased pellets manufacture by 21% YoY, to 3 million tons. In particular, in March PGOK shipped 1.148 million tons of pellets. In January-February, Ferrexpo produced 1.924 million tons of pellets, up by 13.7% YoY. Concentrate manufacture grew by 4.1%, to 2.156 million tons. In February, the group produced 947 thousand tons of…
Ferrexpo enterprises in Ukraine – Poltava, Yeristovo and Belanovsky Mining and Processing Works – will transfer $2.5 million as an aid to medical enterprises to fight the COVID-19 pandemic in Poltava region and under national programs in Ukraine. The decision was taken by the board of directors and supported by shareholders. The main funds will…
In 2019, Ferrexpo received $403.293 million of net profit, up by 20.3% YoY. Revenue grew by 18.3%, to $1.506 billion. EBITDA increased by 17%, to $586 million. Capital investments went up by 83%, to $247 million. (Ukrainian metal)
The state enterprise Yuzhniy Sea Trade Port and Ferrexpo have agreed to increase pellets exports. In January, Ferrexpo ordered the transshipment of some 500 thousand tons. In February the order grew. The TIS-Ruda terminal in the port, a joint venture of TIS and Ferrexpo, with the capacity of 7 million tons of pellets per year…
In Q4 2019 Ferrexpo shipped 2 Capesize ships via the Yuzhniy Sea Trade Port, and in 2020 – 5. The volume of each ship was 175 thousand tons of iron ore pellets. In Q4 2018 the company did not ship pellets via the port, and in Q1 2019 it was able to load only a…
In 2019 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 0.8% YoY, to 10.519 million tons. At the same time manufacture of high-quality pellets with iron content of 65% of the company own ore grew by 3%, to 10.116 million tons. Sales last year totaled 10.3 million tons (10.227 million…