Ferrexpo PLC Operational Update (7083C)
24 2월 2022 - 6:29PM
UK Regulatory
TIDMFXPO
RNS Number : 7083C
Ferrexpo PLC
24 February 2022
24 February 2022
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Operational Update
Ferrexpo plc (LSE: FXPO), the world's 3(rd) largest exporter of
high grade iron ore pellets to the global steel industry, is
closely monitoring developments in Ukraine following the official
announcement by the government of Ukraine of an incursion by
Russian armed forces into the territory of Ukraine.
The Group is continuing to assess developments locally and will
prioritise the safety of its workforce. At the present time, the
Group's mining and processing facilities are operating, which are
located adjacent to the city of Horishni Plavni, in central
Ukraine, where the situation remains stable. However, the
government of Ukraine has now suspended rail transportation.
The Group will make a further announcement as and when
appropriate.
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson +44 207 920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 7785 974 264
About Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine and a premium listing on the London Stock Exchange in
the FTSE 250 index (ticker FXPO). The Group produces high grade
iron ore pellets, which are a premium product for the global steel
industry and enable reduced carbon emissions and increased
productivity for steelmakers when the Group's iron ore pellets are
converted into steel, compared to more commonly traded forms of
iron ore. Ferrexpo's operations have been supplying the global
steel industry for over 40 years and in 2021 the Group produced
11.2 million tonnes of iron ore pellets, placing Ferrexpo as the
world's 3(rd) largest exporter of pellets to the global steel
industry with a market share of approximately 9%. The Group has a
global customer base comprising of premium steel mills around the
world, which includes steel mills in Austria, Germany, Japan, South
Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam
and America. For further information, please visit www.ferrexpo.com
.
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END
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February 24, 2022 04:29 ET (09:29 GMT)
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