Ferrexpo
30 March 2020
Companies are taking action to prevent the spread of the virus and minimize its impact on production
The funds will be spent to purchase ventilators, coronavirus tests and other equipment
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