Ukraine: Ferrexpo ups pellets output in 2015
In 2015 Ferrexpo, owner of Poltava GOK and Yeristovo GOK, produced 11.66 million tons of iron ore pellets, up by 5.8% YoY.
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.
Ferrexpo plc, owner of the Poltava Mining and Processing Works, has appointed David Frauman its non-executive director.
In January-August Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, produced 8.67 million tons of pellets, up by 5.1% YoY.
Ukrainian iron ore producer Ferrexpo is expected to conclude talks with banks over a 12-month maturity extension on its pre-export finance loans in October, a banker said.
On September 18 the shares of the UK-based mining company Ferrexpo with assets in Ukraine fell at the London Stock Exchange after the news of the company losing access to its money in the Finances and Credits bank in Kiev. The bank is owned by Ferrexpo majority shareholder Konstantin Zhevago.
Ferrexpo had $174 million at the Finances and Credits bank, that had been named insolvent.
In January-August Ferrexpo-controlled Poltava and Yeristovo Mining and Processing Works (PGOK and EGOK) produced 7.65 million tons of pellets, up by 5.1% YoY.