Ferrexpo

Ferrexpo reduced pellet production to 5.6 million tons in January-September 2022

In the third quarter of 2022, production fell by 68% y/y – to 839 thousand tons

Poltava Mining intends to reconstruct the IPC of the pellet production shop

The works are planned to be carried outin the part of the filtering and averaging building of the concentrate “1, A and No. 2, B".

Fitch downgrades Ferrexpo to CCC+

But Fitch also notes the company's satisfactory liquidity and expects free cash flow in 2022-2024 to be neutral

Ferrexpo has employed 88 refugees since the beginning of the war

In particular, they became truck drivers, craftsmen, mechanics and medical personnel

The main problem: how to deliver our products to customers

Non-considered steps in finances and logistics can create additional risks for the industry

In January-June, Ferrexpo reduced production to 4.8 million tons

During the same period, the company's sales fell by 21% due to difficult logistics

American BlackRock increased its stake in Ferrexpo to over 7%

Before, the company owned 5.67% of Ferrexpo shares

Ferrexpo reduced pellet production by 8% in January-May

In five months, the company produced 4.4 million tons of products

Ferrexpo provided humanitarian aid for displaced people in Poltava region

Poltava hosted more than 113 thousand internally displaced people, of which more than 60 thousand children of different ages

Steel support: how mining & metals companies help Ukraine during the war

Humanitarian aid to Ukrainian companies in the mining & metals complex has reached more than $87 million

Ferrexpo in 2021 increased capital investment by 75%

Cap investments per ton of output in 2021 rose to $160/t, compared to $109/t in 2020

Ferrexpo may pay 52.8 US cents per share of dividends in 2021

Shareholders at the meeting on June 15, 2022, must approve the offer