Additional Information
Market: LSE
Sector: General Mining - Iron Ore and Bauxite
EPIC: FXPO
Latest Price: 206.40p  (-1.71% Descending)
52-week High: 498.80p
52-week Low: 203.50p
Market Cap: 1,214.92M
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Ferrexpo plc is a Swiss headquartered resource company with assets in Ukraine. We are principally involved in the production and export of iron ore pellets, which are used in the manufacture of steel. Our asset base comprises one of the largest iron ore resources in the world.

We produce around ten million tonnes of iron ore pellets per year and with several growth projects in place are aiming to double future production. We are committed to becoming a leading global supplier of iron ore pellets, providing outstanding service to our customers and strong returns to our shareholders.

We became the first Ukrainian company to be listed on the main market of the London Stock Exchange (ticker: FXPO) following a successful Initial Public Offering on 15 June 2007.  We are a member of the FTSE 250 UK Index.

Ferrexpo plc is the only pure-play iron ore company currently listed on the London Stock Exchange.

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Ferrexpo starts action in London over Poltava dispute

19th Dec 2011, 9:55 am by Philip Whiterow Ferrexpo has started legal action in London over Poltava

 

Ukraine-focused iron ore group Ferrexpo (LON:FXPO) has started legal action in London to settle a long –running dispute over the Poltava mining project.

Ferrexpo said it has the launched legal proceedings against Gilson in the UK High Court in order to take an active step outside the Ukraine to resolve a dispute that has been running in the Ukrainian courts since 2005.

The iron ore group added that it had received legal advice that the Ukrainian proceedings are without merit.

The dispute centres on the sale of a 40% stake in Poltava in 2002 by Gilson, though the initial hearing, which is due to take place in early February 2012, will be on jurisdictional issues.

Ferrexpo, which is Swiss headquartered iron ore company, supplies pellets used in the manufacture of steel. Its resource base is one of the largest iron ore deposits in the world with Poltava producing approximately 10 million tonnes of iron ore pellets in 2010.

Shares in the group rose slightly to 256.9p today, valuing it at £1.5 billion.

 

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