the Company Ferrexpo former people's Deputy of Ukraine Konstantin Zhevago on the results of the 12 months 2019 invested more than 5.8 billion hryvnia (about 211,3 million U.S. dollars) in the development of the Poltava, and Belanovsky of the eristovsky GOK Ferrexpo constituent that exceeded the same period of 2018. About it announced in the publication "the Kremenchug newspaper".
the Above investments Ferrexpo do not include the cost of major repairs and capitalized expenditures, which was carried out in addition.
According to the approved by the Board of Directors of the investment program, Ferrexpo for January-December last year invested in support of the deposits and the development of the Poltava GOK (PGOK, Ferrexpo Poltava Mining, FPM, included in Ferrexpo) over 3 billion 893 million (more than 150,6 million U.S. dollars) in the development of the eristovsky and Belanovsky GOK (IGOK, Ferrexpo Yeristovo Mining, FYM, part and BGOK Ferrexpo, Ferrexpo Belanovo Mining, FBM group Ferrexpo) – more than 1 billion 936 million (more than 60.7 million U.S. dollars).
the Major capital investment PGOK steel support costs of current production in excess of 1 billion 169 million hryvnia (more than 45.2 million US dollars) and major strategic projects worth over 1 billion 858 million dollars (71,9 million US dollars); the components in excess 865,6 million (more than 33.5 million U.S. dollars).
Tools of AGOCA and Bgok was invested in the processing, the development of railway tracks and objects in the projects of capital construction of the quarry and infrastructure, geological and other works.
In 2019, the Company Ferrexpo followed the plan for investment in accordance with the Board of Directors approved an investment program. Under this program, the Company cooperates with leaders in their industries companies: Atlas Copco/Epiroc (Sweden) – drilling machines, Metso (Finland, USA) crushing equipment, Zeppelin (USA) – mining machinery, Wenco (USA) for mining equipment, Komatsu (Japan) and Caterpillar (USA) – heavy cars, Liebherr (Germany) – crane and crushing equipment, ABB (Sweden) – electrical equipment and equipment instrumentation, Eirich (Germany) – mixers, Wier (UK) crushing equipment, etc. companies. AGOK and BGOK also sent investment for the purchase of railway gondola cars from Krukovka carriages.
As reported, Ferrexpo in 2019 produced 10,519 thousand tons of iron ore pellets from its own raw materials.
company background:
Ferrexpo is a Swiss iron ore company with assets in Ukraine. The company's main activity is the manufacture and export of high quality iron ore pellets used in steel production. Ferrexpo is the largest producer and exporter of pellets among the countries of the former USSR. Current production assets – Poltava and Eristovsky GOK. Ferrеxpo plc owns 100% of Ferrexpo AG, which in turn owns 100% shares of Poltava GOK and 100% of the shares of the eristovsky GOK.
