Singapore markets open in 55 minutes

Ferrexpo plc (FXPO.L)

LSE - LSE Delayed Price. Currency in GBp (0.01 GBP)
Add to watchlist
126.70-5.20 (-3.94%)
At close: 05:08PM BST
Full screen
Loading interactive chart…
  • Reuters

    Ferrexpo's third-quarter output slumps on logistical challenges

    The Ukraine-focussed miner said its iron ore pellet production declined 68% year on year to 800,000 tonnes in the third quarter. The world's third-largest exporter of iron ore pellets, which has all its operations in Ukraine, has been facing disruptions due to the conflict in the country. The quarter saw an additional constraint on the Ukrainian railway network with an increase in grain shipments during the harvest season, CEO Jim North said.

  • Reuters

    Ferrexpo says Ukrainian court rules 2002 share deal invalid

    The company said it was exploring all options, including its right to appeal the decision to the Supreme Court of Ukraine. Four former shareholders of FPM have filed claims to invalidate a share purchase deal from 2002, in which a more than 40% stake in FPM was sold to its former Chief Executive Officer Kostyantin Zhevago and other parties.

  • Reuters

    Ukraine-focussed Ferrexpo's half-year profit tumbles on higher costs

    The group said its pellet production fell 14% to 4.8 million tonnes, as constraints in its logistics increased following Russia's blockade of Ukraine's Black Sea ports in February. The world's third-largest exporter of iron ore pellets, which makes pellets used in steel industry and has all its operations in Ukraine, has been facing disruptions due to the crisis. The company is in advanced talks to restart transportation of material sales through ocean-bound freight, which was hampered by the blockade, Ferrexpo said, adding that it processed small shipments from the Black Sea and Baltic Sea ports in June.