In January-September Ferrexpo produced 8.32 million tons of iron ore pellets, down by 5% YoY. According to the company statement, 65% Fe content pellets output went up by 3.7% YoY, to 7.81 million tons. 62% Fe content pellets production fell by 55% YoY, to 512.1 thousand tons. Ferrexpo own ore pellets production remained on the…
In January-August Ferrexpo produced 7.52 million tons of iron ore pellets, down by 1.8% YoY. According to the company statement, concentrate output went up by 2.3% YoY, to 9.56 million tons. In August pellets output increased by 79 thousand tons MoM, to 939 thousand tons, while that of concentrate went up by 86 thousand tons,…
Fitch has increased the long-term rating of Ferrexpo plc (UK), which controls Poltava and Yeristovo Mining and Processing Works, from CCC to CC. The agency has also confirmed the company short-term rating on the C level. Rating increase is explained by the Ferrexpo liquidity improvement due to higher iron ore prices in H1 (on average…
In January-June Ferrexpo decreased its net profits by 33% YoY, to $77.77 million. According to the company statement, its revenues were down by 10.5% YoY, to $457.92 million, mostly due to the pellets price fall by 14%. Net profit dropped by 3.7%, to $265.77 million, with EBITDA down by 9%, to $160 million. Sales increased…
Ferrexpo plc, controlling Poltava Mining and Processing Works, hopes that all the permission procedures to allow the construction of Bilanovsky Mining and Processing Works, will be completed in December. According to PGOK chairman Victor Lotous, the main problem now is the purchase of land plots. From the time the construction works start and the first…
In January-June Ferrexpo produced 5.72 million tons of iron ore pellets, down by 1.6% YoY. According to the company statement, 65% Fe content pellets output went up by 5.9% YoY, to 5.35 million tons, that of 62% Fe content fell by 51.9% YoY, to 363.9 thousand tons. Ferrexpo own ore pellets output totaled 5.7 million…
In January-May Ferrexpo plc, owner of Poltava and Yeristovo Mining and Processing Works, produced 4.82 million tons of pellets, down by 1.2% YoY, but increased concentrate output by 3.1% YoY, to 6.11 million tons. In May it produced 969 thousand tons of pellets and 1.25 million tons of concentrate. Output of pellets of the company…
Ferrexpo Plc, controlling Poltava and Yeristovo Mining and Processing Works, has cleared $103 million of its pre-export financing. “As of April 30, $103 million of debts and interests were cleared”, said the company in its statement. The group also has an outdated VAT debt of $10 million. (Ukrainian metal)