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…
Ferrexpo has decided not to apply for tax holidays and will pay taxes to all budgets during the pandemic in full. This decision is aimed at supporting territorial communities to allow them not to cut social programs and have an opportunity to transfer additional funds to health sphere. “We understand, that what we pay to…
