Ferrexpo

Production of premium iron ore pellets may surge by 8.6%

The Company produced 10.5 million tons of pellets per annum

The company will pay special interim dividends to shareholders as early as 17 January 2020

The Board has appointed Chris Mawe, Chief Financial Officer, to replace Mr Zhevago

The agency also projected the GDP growth in Ukraine in 2019 from 2.5% to 3.2%.

Ferrexpo’s full year production will likely be in the range of 10.4 to 10.6 million tons of pellets

The company’s profit after tax increased by 78%, up to $270 million

The company “squeezed out” minority shareholders

Ferrexpo Poltava Mining paid over UAH 1.3 billion and over UAH 237 million to the national and local budgets respectively

The company expects to increase production capacity by 13% until 2021, up to 12 million tons of iron pellets per annum

The amount of dividends will increase by 40% compared to 2017, up to $0.231 per share