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 The group also has an outdated VAT debt of $10 million.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)
In January-April Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, produced 3.85 million tons of pellets, down by 1.7% YoY. At the same time, concentrate output increased by 2.6%, to 4.85 million tons. In April the group produced 973 thousand tons of pellets and 1.17 million tons of concentrate. (Ukrainian metal)
Ukrzaliznytsia receives around one third of its income by servicing SCM companies.
In January-March Ferrexpo plc, owner of Poltava and Yeristovo Mining and Processing Works, produced 2.88 million tons of pellets, up by 0.05% YoY, or by 1.4 thousand tons.
In January-February Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, produced 1.87 million tons of pellets, down by 0.3% YoY.
The Commercial Court of Kiev has accepted the claim of Ferrexpo plc to recover $10 million from Finances and Credits bank, which is being liquidated.
In 2015 Ferrexpo, owner of Poltava GOK and Yeristovo GOK, produced 11.66 million tons of iron ore pellets, up by 5.8% YoY.
Ferrexpo has decided to dismiss 40% of Poltava Mining and Processing Works employees.
