Ferrexpo PLC Operational Update (8363C)
25 2월 2022 - 4:01PM
UK Regulatory
TIDMFXPO
RNS Number : 8363C
Ferrexpo PLC
25 February 2022
25 February 2022
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Operational Update
Further to the Group's announcement yesterday morning, Ferrexpo
plc (LSE: FXPO), the world's 3(rd) largest exporter of high grade
iron ore pellets to the global steel industry, hereby provides an
update on its operations in Ukraine.
Export activities at the port of Pivdennyi, located in southwest
Ukraine, where the Group's berth is located for shipping pellets to
customers, have been temporarily suspended following notification
from the port authorities. As a result, the Group's marketing
department has issued force majeure notices to certain customers
that were due to receive the Group's products via oceangoing vessel
in the near term.
The Group's mining and processing operations, which are located
adjacent to the city of Horishni Plavni in central Ukraine,
continue to operate. The Group has the ability to stockpile its
iron ore pellets at site, whilst Ukraine's logistic networks
continue to experience disruption.
The Group's continued primary focus remains the safety of its
workforce in Ukraine. Further updates will be made 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 25, 2022 02:01 ET (07:01 GMT)
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