In January-April, Ferrexpo decreased shipments of iron ore raw materials to seaports via railroad by 26.3% YoY, to 0.5 million tons. At the same time, sales to the EU grew by 40.8%, to 1.2 million tons. In particular, the Zolotnishino station shipped 3.7 million tons of iron ore, down by 13.1%. The main volume was…
The Ferrexpo board of directors suggests paying $0.132 per share in final dividends for 2020 compared with $0.033 for 2019. Overall dividends for 2020 will amount to $0.856 per share, as opposed to $0.198 in 2019. Subtracting the special interim dividends announced in Q1, the final payment will be $0.299 per share. The amount of…
In January, Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, increased pellets output by 7% YoY, to 1.05 million tons. Concentrate manufacture grew by 12.2%, to 1.3 million tons. In 2020, Ferrexpo increased pellets output by 7% YoY, to 11.218 million tons, and concentrate by 5.9%, to 14 million tons. (Ukrainian metal)
Ferrexpo has for the first time shipped its iron ore pellets on board a Newcastlemax ship. The cargo was shipped to China for Baowu. A Newcastlemax has a length of 300 meters and a width of 50 meters and can transport 185 thousand tons of pellets, up by 15% compared with a Capesize. In 2020,…
In 2020, Ferrexpo increased premium pellets output with the iron content of over 67% to more than 300 thousand tons. Ferrexpo was the first company in Ukraine to start supplying premium or DR-pellets. All the premium pellets last year were shipped to the Ferrexpo plant in Texas, USA. Overall pellets output grew by 7%, to…
In January-October, Ferrexpo increased iron ore pellets output by 3% YoY, to 9.18 million tons. Concentrate manufacture grew by 4.9%, to 11.5 million tons. In October, Ferrexpo produced 1 million tons of pellets and 1.26 million tons of concentrate. (Ukrainian metal)
Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, is mulling an opportunity to ship iron ore raw materials to China in container trains. “This is interesting for us, as thus we diversify deliveries. There must be different directions. If nothing has been shipped to China in containers so far, why don’t we try it”,…
In January-September, Ferrexpo increased the shipments of iron ore raw materials in the direction of seaports by 45.4% YoY, to 6.96 million tons. At the same time, deliveries to EU dropped by 47.3%, to 1.7 million tons. In January-September, 8.6 million tons of iron ore were sent from the Zolotnishino station, up by 8.2% YoY.…
In January-August, Ferrexpo increased iron ore pellets output by 4% YoY, to 7.36 million tons. Concentrate output grew by 4.5%, to 9.23 million tons. In August, Ferrexpo produced 980 thousand tons of pellets and 1.19 million tons of concentrate, up from 780 thousand tons and 1.04 million tons in July respectively. (Ukrainian metal)
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…
