British-based Ferrexpo Plc, which in Ukraine, in particular, controls Poltava and Yeristovo ore mining and processing plants (Poltava GOK and Yeristovo GOK), in January-November of this year, according to recent data, increased the total production of pellets by 5% compared to the same the period of 2019, to 10.16 million tonnes.
A representative of the company informed Interfax-Ukraine that during this period the output of concentrate increased by 4.8%, to 12.7 million tonnes.
In November, the company produced 980,000 tonnes of pellets and 1.2 million tonnes of concentrate.
According to the company, Ferrexpo in the first quarter of 2020 compared to the same period in 2019 increased its total pellet production by 7.4%, to 2.725 million tonnes. In particular, the production of pellets with a 65% iron content was 2.652 million tonnes (an increase of 9.1%), with a 62% iron content some 73,330 tonnes (a decrease of 31.8%).
In the second quarter of this year, Ferrexpo increased its pellet production by 5.4% from the previous quarter, to 2.873 million tonnes, in particular it produced 2.848 million tonnes of pellets with a 65% iron content (an increase of 7.4%), 24,700 tonnes with a 62% iron content (a decrease of 66.3%).
In the third quarter of 2020, total pellet production decreased by 12% compared to the second quarter, to 2.537 million tonnes from 2.873 million tonnes, while no pellets with a 62% iron were produced.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of shares in Poltava GOK, 100% in Yeristovo GOK and 99.9% in Belanovo GOK.
Enterprises of Ferrexpo (Poltava Mining, Yeristovo Mining and Belanovo Mining) paid more than UAH 2.45 billion of taxes and charges to budgets of different levels by results of January-September 2019, which is more than for the corresponding period of year 2019.
According to the structure of the enterprises’ payments, during the period under review, Poltava Mining (Ferrexpo Poltava Mining, FPM, belongs to Ferrexpo) transferred taxes and contributions to the budget of Ukraine for more than UAH 1923.0 million, Yeristovo Mining (Ferrexpo Yeristovo Mining, FYM, belongs to Ferrexpo) – more than UAH 508.5 million, Belanovo Mining (Ferrexpo Belanovo Mining, FBM belongs to Ferrexpo) – more than UAH 13.5 million.
Poltava Mining paid to the local budget more than UAH 221.8 million, to the regional budget – more than UAH 228.4 million, to the State Budget of Ukraine – more than UAH 1206.2 million (13%, 14% and 73% accordingly). The unified social tax of the enterprise exceeded UAH 266.3 million.
Yeristovo Mining transferred to the local budget more than UAH 57.8 million, to the regional budget – more than UAH 73.0 million, to the State Budget of Ukraine – more than UAH 326.0 million (13%, 16% and 71% accordingly). The unified social tax of the enterprise exceeded UAH 51.7 million.
Belanovo Mining paid to the local budget more than UAH 6.1 million, to the regional budget – more than UAH 0.8 million, to the State Budget of Ukraine – more than UAH 3.3 million (60%, 8% and 32% accordingly). The unified social tax of the enterprise exceeded UAH 3.3 million.
For nine months of 2020, FPM paid the corporate profit tax in amount of more than UAH 955.3 million, environmental tax – more than UAH 88.7 million, land tax – more than UAH 42.7 million, income tax – more than UAH 232.5 million, other taxes and contributions – more than UAH 51.7 million. Royalty payments exceeded UAH 285.5 million.
Yeristovo Mining paid for the same period environmental tax in amount of more than UAH 26.5 million, personal income tax – more than UAH 46.7 million, income tax – more than UAH 94.7 million and other taxes and contributions – more than UAH 51.7 million. Royalty payments exceeded UAH 194.5 million.
Main payments of Belanovo Mining to the budget for nine months of the current year included land tax in amount of more than UAH 3.7 million and personal income tax – more than UAH 3.6 million.
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO.
Kozelshchinska Central District Hospital (Poltava Region) received an oxygen concentrator from Ferrexpo Belanovo Mining (FBM). This equipment will be used in the intensive care unit of the hospital.
“As previously reported according to the Ferrexpo’s assistance program, we constantly monitor the situation with the spread of coronavirus in Ukraine, study the needs of doctors and cover them in line with priority. Unfortunately due to the beginning of cold season the situation with patients in our country has worsened and now it is especially important to continue support of doctors who work extra hard to save lives, ”said Yuri Khimich, General Director of Ferrexpo Belanovo Mining.
According to head of Kozelshchinska hospital intensive care unit Nadiia Ovdienko, now the situation is extremely difficult and the medical institution turns to philanthropists for vital equipment and medicines. “We are very grateful to FBM for this concentrator and for the systematic assistance the company provides to our hospital,” – she added.
This oxygen concentrator compares favorably with analogs with low noise level, light weight and energy saving. The device has a dual flow and is designed to supply oxygen to two patients simultaneously.
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com
CORONAVIRUS, COVID19, FBM, FERREXPO, HELP, KHIMICH, KREMENCHUK
British-based Ferrexpo plc, which controls in Ukraine, in particular, Poltava and Yeristovo mining and processing plants (GOK), in January-September 2020 increased total production of pellets by 3% compared to the same period in 2019, to 8.134 million tonnes.
According to a press release, total production of pellets with 65% Fe (iron content), including a trial shipment of Ferrexpo Direct Reduction pellets with 67% Fe in the first half of 2020, amounted to 8.036 million tonnes (up by 6%) for the period, with 62% Fe some 98,000 tonnes (a decrease by 68%).
At the same time, production of pellets from third-party raw materials was not carried out.
In Q3, 2020, total pellet production decreased by 12% compared to Q2, 2020, to 2.537 million tonnes from 2.873 million tonnes due to the planned repair of the pelletiser in early September 2020. In Q3 no pellets with 62% Fe were produced.
“Ferrexpo’s operations continued to operate with minimal impact during Q3, 2020 due to the global COVID-19 pandemic. The company continues to ensure all appropriate precautions are being followed for the health and wellbeing of its workforce, including the company’s own programs testing for the COVID-19 virus and associated antibodies,” the document reads.
“The company’s additional concentrator section was completed in Q3, 2020, with commissioning and ramp up of this additional processing capacity to progress in Q4, 2020,” it says.
The Level I Intensive Care Hospital and the Primary Health Care Center in Horishni Plavni has received two Renault Master ambulances – another consignment of aid from Ferrexpo mining company, whose main production assets are located in this city.
“The total cost of the vehicles is about UAH 3 million. This delivery was carried out as part of the large Ferrexpo assistance program to combat COVID-19,” the company said in a press release.
Mayor of the city Dmytro Bykov thanked for the systematic support provided by the Ferrexpo mining and processing plants (GOK).
“Unfortunately, the statistics of COVID-19 cases are not encouraging with good news, the situation is also complicated by seasonal outbreaks of other viral diseases. We do not stop assistance programs, studying the needs and systematically transferring the necessary equipment, transport, medicines and protective equipment to hospitals,” the director of the charitable foundation of Poltava GOK, Viacheslav Miniazev, said.
In March of this year, the Ferrexpo board of directors decided that the group’s enterprises, including Poltava, Yeristovo and Belanovo GOKs, will allocate $ 2.5 million in assistance to medical institutions to fight the COVID-19 pandemic in Poltava region, as well as within the framework of national programs throughout the territory Ukraine. It was noted that, first of all, the money will be used for the purchase of artificial lung ventilation devices, test systems for detecting coronavirus and other necessary equipment, and further distribution of assistance will be carried out in accordance with the priority needs of medical institutions.
Ferrexpo is an iron ore company with assets in Ukraine. The London Stock Exchange (LSE) trades the shares of British-based Ferrexpo plc, which owns 100% of the shares of Swiss-based Ferrexpo AG, which, in turn, holds a 100% stake in Poltava GOK, 100% of Yeristovo GOK and 99.9% of Belanovo GOK. Kostiantyn Zhevaho via Fevamotinico S.a.r.l. owns 50.3% of Ferrexpo shares.
Ferrexpo Plc, which controls Poltava and Yeristovo mining enterprises in Ukraine, ramped up pellet production by 3.5% in January-July 2020 year-over-year, to 6.38 million tonnes.
A representative of the company told Interfax-Ukraine that over the period concentrate production grew by 4.3%, to UAH 8.04 million tonnes.
In July alone, the company made 780,000 tonnes of pellets, 1.04 million tonnes of concentrate, while in June, some 860,000 tonnes of pellets and 1.115 million tonnes of concentrate were produced.
