the Swiss iron ore company of the former people's Deputy of Ukraine Ferrexpo, Zhevago Constanta in 2019, paid in state and local budgets of Ukraine 107 million 616 thousand U.S. dollars the payments related to subsoil use.
In 2010, the US introduced a requirement to publish reports on payments for subsoil use for companies, revealing statements in accordance with the requirements of the Commission on securities and stock exchanges of the USA. In 2013, the European Union, continuing the initiative of the United States, have adopted similar rules obligatory for the member countries of the EU. Following the EU initiative, in 2015, Canada has introduced similar rules that comply fully with EU regulations.
, the Requirements include the obligation of mining companies annual disclosure fiscal charges payable in connection with subsoil use, including the stage of geological study of subsoil, except VAT and sales taxes.
Earlier it was reported that Ferrexpo in January-March 2020 increased total pellet production by 7.4% compared to the same period of 2019 – 725,33 to 2 million tons.
Ferrеxpo plc owns 100% of Ferrexpo AG, which in turn owns 100% shares of Poltava GOK and 100% of the shares by Ferrexpo yeristovo mining. In 2019, the company produced 10.5 million tons of iron ore pellets.
the Main customers are steel mills from Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, Czech Republic, Turkey, Vietnam and USA. Shares of Ferrexpo is listed on the main market of the London stock exchange under the Ticker FXPO.
