the Swiss iron ore company with headquarters in Ukraine, Ferrexpo, continues to show strong production results. The production of pellets as at 31 may 2020 rose 6% compared to the first five months of 2019.
as of may 31, 2020 Ferrexpo sales volumes increased by approximately 21% compared to the same period in 2019.
"higher sales were due to high production rates, reduction of stocks and the ability of the group to compensate for lower demand in Europe by increasing sales to Asia. The price of iron ore remained stable since the beginning of the year, while lower freight rates and operating costs compensated for lower premiums for pellets," - said the company.
the Board of Directors of Ferrexpo has announced the interim dividends for the year 2020 in the amount of 6.6 cents, to be paid on 3 July 2020 the shareholders registry as of June 19, 2020.
June 3, the court of Appeal of Kiev removed restrictions from 50.3% stake in Ferrexpo Poltava Mining (FPM), established in January on the case of former people's Deputy of Ukraine Konstantin Zhevago and the Bank "Finance and Credit".
last week, the Pechersky district court of Kiev made the decision to choose a measure of restraint in the form of detention of former MP, owner of mining company Ferrexpo group "Finance and Credit" Konstantin Zhevago.
Ferrеxpo owns 100% of shares in Poltava GOK, 100% of the eristovsky GOK and 99.9% of Belanovsky GOKa.
