In January-February Ferrexpo produced 1.675 million tons of iron ore pellets, down by 3.8% YoY. Concentrate output dropped by 6.4%, to 2.019 million tons. In February Ferrexpo produced 771 thousand tons of pellets and 926 thousand tons of concentrate. Last year Ferrexpo decreased pellets production by 6.8% YoY, to 10.444 million tons. (Ukrainian metal)
Ferrexpo plc is considering a squeeze-out at Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine. At present this move is being analyzed. Ferrexpo plc owns 100% of Ferrexpo AG, which in its turn is the owner of 99.11% of PGOK and 100% of Yeristovo GOK. (Ukrainian metal)
In 2017 Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid over 1.3 billion UAH of taxes to all budgets, up by 62% YoY. According to the group statement, PGOK paid 1008 million UAH, EGOK – 305.6 million UAH and BGOK – 6.1 million UAH of taxes. In particular, PGOK paid 167 million…
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to “B” from “B-”, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to “B” from “B-”. The Recovery Rating is unchanged at “RR4”,” the report says. “The…
In 2017 Ferrexpo, owner of Poltava and Yeristovo Mining and Processing Works, sold 10.4 million tons of iron ore pellets, down by 11.1% YoY, while output decreased by 6.8%, to 10.444 million tons, mostly because of the crusher’s repair. 65% Fe content pellets manufacture dropped by 6.2%, to 9.885 million tons, while that of 62%…
Standard&Poor’s has changed the rating forecast for Ferrexpo plc, owner of Poltava and Yeristovo GOKs, from Stable to Positive. On December 29, 2017 S&P improved the group rating following the “high productivity” shown lately. The agency has also confirmed Ferrexpo’s long-term rating at B-. The rating improvement is the result of the stable iron ore…
In January-September Ferrexpo paid 913.6 million UAH of taxes, up by 43.4% YoY. In particular, Poltava Mining And Processing Works paid 693 million UAH of taxes, Yeristovo GOK – 216.3 million UAH and Belanovsky GOK – over 4.3 million UAH. PGOK paid 122 million UAH to the local budget, 101 million UAH to the regional…
In January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…
