Ferrexpo appoints private equity veteran as new independent non-executive director
“Following the appointment of Ms. Polischuk, the group's board will comprise eight directors, three of which are female," said the company's chair Lucio Genovese
Company
Ferrexpo PLC
LON:FXPO
Ferrexpo PLC is a resource company, headquartered in Switzerland, with assets in Ukraine. It is principally involved in the production and export of iron ore pellets, which are used in the manufacture of steel. Its asset base comprises one of the largest iron ore resources in the world. It produces around 10mln tonnes of iron ore pellets per year and with several growth projects in place is aiming to double future production. It is committed to becoming a leading global supplier of iron ore pellets, providing outstanding service to its customers and strong returns to its shareholders. It became the first Ukrainian company to be listed on the main market of the London Stock Exchange (ticker: FXPO) following a successful flotation on 15 June 2007, which made it the only pure-play iron ore company currently listed on the London Stock Exchange.
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Ferrexpo adopts formal shareholder returns policy for dividends and special dividends
The FTSE-250 company will target a dividend payout equivalent to 30% of free cash flow
Iron ore pellets to be net carbon zero by 2050, says Ferrexpo
The London-listed company said it has undertaken an initial commitment to achieve a minimum 30% reduction, from 2019’s levels, in emissions by 2030
Ferrexpo total iron ore pellet production up 2% in third quarter
Total commercial production of both pellets and concentrate rose 6% year on year
Ferrexpo sees demand for iron ore declining from current record levels
Ferrexpo is the world's third-largest exporter of iron ore pellets
Ferrexpo announces second special dividend, expects production to rise in 2021
Iron ore pellet production is likely to be higher in the second half of 2021
Ferrexpo announces special interim dividend
Ferrexpo is a major producer of iron ore, with operations in Ukraine
Ferrexpo sees nine month production figures rise, as court tussle over share ownership continues
Ferrexpo is one of Ukraine's major iron ore producers
Ferrexpo upgraded as JP Morgan highlights strong iron ore prices and record Chinese steel production
The bank said iron ore prices had held at over US$100 per tonne “despite fears of an export surge dampening prices”
Ferrexpo flies after declaring second interim dividend
The iron ore producer declared a second interim dividend of 6.6 US cents per share, on top of the same amount declared earlier in the year
Ferrexpo downgraded to underweight as JP Morgan highlights risk from lower iron ore prices
The bank did raise its target price for the group to 150p from 130p reflecting a recent rally in the share price of the miner
Ferrexpo books iron output boost for the first half of 2016
The company announced a management reshuffle yesterday
Management changes at the top of Ferrexpo
Ferrexpo is a major producer of iron ore, with operations in the Ukraine
Ferrexpo knocked to ‘sell’ by Citi as it warns company specific risks will offset iron ore price recovery
The bank said a short mine life for Ferrexpo's Kumba project and upfront capital expenditure on pellet expansion, will “more than offset” an expected increase in free cash flow yields
Ferrexpo reassures on margins as sales remain flat
Ferrexpo said it had US$131mln of cash at the year end and US$282mln of net debt
Ferrexpo chief executive temporarily steps down to deal with Ukraine bank accusations
Chris Mawe, chief financial officer, is taking over as the iron ore pellet group’s acting chief executive
Ferrexpo review finds funds given to charity may have been misappropriated
“The company will keep the market informed of any developments, as appropriate,” Ferrexpo said.
Ferrexpo downgraded by Deutsche Bank after strong rise in shares
Deutsche Bank cut its rating on Ferrexpo to 'hold' from 'buy' but raised its target price to 325p from 310p.
Ferrexpo whips up cash as production and iron ore prices ride high
Iron ore pellet production from the FTSE 250 company’s Ukrainian mines swelled 11% in the second quarter