(c) shutterstock.com
According to Interfax-Ukraine, the Ferrexpo Corporation will give $2.5 million to healthcare institutions to fight against the coronavirus epidemic in Poltava oblast and throughout Ukraine.
The allocated funds will be spent to purchase ventilators, coronavirus tests and other necessary equipment. The company will provide further financial assistance depending on the needs of healthcare institutions.
“Ferrexpo has donated money to provide hospitals and medical workers of Gorishni Plavni, Kremenchuk and Poltava with necessary equipment and means for the treatment of the coronavirus patients and prevention of the spread of the epidemic,” reads the Company’s message.
Ferrexpo is a Swiss-based mining company with iron ore assets in Ukraine. It produces and exports high-quality iron ore pellets for steel production. The Ferrexpo Group is the largest producer and exporter of iron ore pellets among the countries of the former Soviet Union.
Its production assets include Poltava Mining and Yeristovo Mining (holding a 100% stake each).
In 2019, the Ferrexpo Group decreased iron ore pellet production by 0.8% to 10.5 million tons. Its pellet sales volume in 2019 amounted to around 10.3 million tons, up from 2018 (10.2 million tons).
In the first half of April, bids for commercial billets in the Gulf Council countries…
China plans to continue building coal-fired power plants until 2027 in regions where they are…
In January 2025, Italian steel enterprises reduced exports of rolled steel products to third countries…
Emsteel, one of the largest publicly traded steel and building materials producers in the Gulf…
In 2024 capital expenditures of Ferrexpo, the London-listed iron ore producer with operations in Ukraine,…
Prices for hot-rolled coils in the Nordic region rose by €10/t in the first half…