a Mining company ex-the Deputy of the Verkhovna Rada of Ukraine Konstantin Zhevago Ferrexpo continued to generate high margin in 2019, as higher selling prices of approximately 16%, offset increased production costs by $ 4 to 48 U.S. dollars per ton.
As told in the press service of Ferrexpo, the pellets production in 2019 from its own ore totaled 10 million 519 thousand tons (in 2018: 10 million 506 thousand tons). The production of high quality pellets with Fe content 65% from own ore increased by 3% in 2019 to 10 million 116 thousand tons (2018 9 million 824 thousand tons).
the company noted that its net debt as at 31 December 2019 amounted to approximately 282 million U.S. dollars, which is $ 58 million less than as at 31 December 2018. The balance of funds Ferrexpo as at 31 December 2019 increased two times compared to the 2018 and amounted to approximately 131 million U.S. dollars.
Previously coalsales2 January 2020, Ferrexpo declared a special interim dividend of 6.6 US cents, payable January 17, 2020.
"This special interim dividend reflects the strong capabilities of the group on cash generation and strategy of the Board of Directors to maintain balance between sustainable and attractive shareholder return, investments in growth opportunities and the balance power of", - noted in Ferrexpo.
Ferrexpo plc is a Swiss company specializing in commodity trade and production of iron ore in Ukraine. Trading office is located in London.
