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)
In January-June Ferrexpo received $270.35 million of net profit, up by 77.6% YoY. The growth is mostly due to the higher ore prices and the increase of sales. Revenue went up by 28%, to $787 million, and EBITDA – by 59%, to $372 million. (Ukrainian metal)
In January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 736.4 million UAH of taxes to budgets of various levels. Thus, PGOK paid 599 million UAH, EGOK – 133.9 million UAH and BGOK – 3.5 million UAH. In particular, PGOK paid 76 million UAH to the local budget, 78 million UAH to…
Ferrexpo AG, which owns 99.11% of the Poltava Mining and Processing Works shares, has squeezed-out shares from the minor shareholders and accumulated all the 100%. Ferrexpo announced the squeeze-out in May. The price of the shares was 34.24 UAH as opposed to their initial cost of 9.96 UAH. In 2018 PGOK increased net profit by…