In January-September Ferrexpo invested over 4.5 billion UAH ($172.2 million) in development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 3.03 billion UAH ($115 million), while EGOK and BGOK – 1.48 billion UAH ($57.2 million). PGOK spent the money to maintain current operation (580.1 million UAH, $22 million), on…
The international ratings agency Moody’s Investors Service has changed its outlook on Ferrexpo plc rating from stable to positive. At the same time the Ferrexpo Group of Companies corporate rating has been confirmed on the B3 level and the default rating on B3-PD. The change follows the amendment of the Ukrainian government rating from stable…
In January-September Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 2.42 billion UAH of taxes to budgets of all levels. PGOK paid 1942 million UAH, EGOK – 467.7 million UAH and BGOK – 11.1 million UAH. In particular, PGOK paid 216 million UAH to the local budget, 242 million UAH to the…
Ferrexpo mining company with assets in Ukraine has appointed Roman Polivoda the acting financial director. The appointment follows the resignation of Konstantin Zhevaho from the office of the CEO and the appointment of the financial director Chris Mawe instead. Polivoda, a citizen of Ukraine, joined Ferrexpo in 2008 as an accountant. Because of the temporary…
Ferrexpo Plc. CEO Konstantin Zhevago has temporarily distanced himself from the office. According to the group, Zhevago will focus on settling some matters in Ukraine related to a company he owned until 2015. The board of directors has appointed Chris Mawe, CFO, the acting CEO. Zhevago, being a majority shareholder, will keep his position in…
Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, will construct a solar power plant with the capacity of 5 MW. The company will finance the project without any state help, subsidies, etc. The electricity produced will be used for the own needs and for deliveries to the third parties. The solar panels will be…
In January-September Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, increased combined pellets output by 1.7% YoY, to 7.891 million tons. The manufacture of 65% iron content pellets totaled 7.580 million tons, up by 4.2%, and 62% iron content – 310.99 thousand tons, down by 35.8%. The output of 65% iron content pellets of…
In January-July Ferrexpo plc increased pellets output by 2.6% YoY, to 6.165 million tons. Concentrate manufacture grew by 6.5%, to 7.712 million tons. In July the group produced 812 thousand tons of pellets and 1.113 million tons of concentrate. (Ukrainian metal)
