REG - Ferrexpo plc - Report on Payments to Governments for CY2022

FerrexpoAnnouncement

29/06/2023 07:00

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RNS Number : 2947E  Ferrexpo PLC  29 June 2023

 

 

 

29 June
2023
 

Ferrexpo plc

("Ferrexpo" or the "Company" or the "Group")

 

Report on Payments to Governments for the year ended 31 December 2022

 

Ferrexpo plc (LSE: FXPO), the premium iron ore pellet producer, with
operations in central Ukraine, hereby provides information in accordance with
DTR 4.3A in respect of payments made by the Company, and its subsidiaries, to
governments during the year ended   31 December 2022. This announcement is
made in compliance with The Reports on Payments to Governments Regulations
2014, as amended (the "Regulations").

 

 2022                             Production entitlements                       Taxes                             Royalties                         Dividends paid                                Bonuses                                       Licences and concessions paid                 Infrastructure improvements paid              Total

paid

paid
 (All figures US$, thousands)                                                                                     paid
 Ukraine
 State treasury: State budget                           -                                   96,403                            40,700                                      -                                             -                                             -                                             -                                 137,103
 State treasury: Regional budget                        -                                   10,485                            14,536                                      -                                             -                                             -                                             -                                   25,021
 State treasury: Local budget                           -                                     6,206                             2,907                                     -                                             -                                             -                                             -                                     9,113
 Total Ukraine                                      -                                     113,094                             58,143                                -                                            -                                                    -                                             -                                 171,237

 Grand Total                                           -                                  113,094                             58,143                                -                                           -                                                     -                                             -                                 171,237

 

Basis of preparation:

1.     The Company regards payments relating to the Group's mining
operations in Ukraine as interconnected projects for the purposes of the
regulations.

2.     Taxes paid include taxes levied on the income, production or
profits of companies but excludes any taxes levied on consumption such as
value added taxes, personal income taxes or sales taxes.

3.     Payments made in currencies other than US dollars are converted at
the average foreign exchange rate for the relevant month.

This report is available for download at http://www.ferrexpo.com
(http://www.ferrexpo.com) .

 

For further information, please contact:

 Ferrexpo:
 Nick Bias        n.bias@ferrexpo.ch                                          +44 (0)20 7389 8300
 Tavistock:
 Jos Simson       ferrexpo@tavistock.co.uk (mailto:ferrexpo@tavistock.co.uk)  +44 (0)20 7920 3150

 Gareth Tredway                                                               +44 (0)7785 974 264

 

About Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group's iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore. Ferrexpo's operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, placing Ferrexpo as one of the largest exporter of pellets to the global steel industry. The Group has a global customer base comprising of premium steel mills around the world, which includes steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. For further information, please visit
www.ferrexpo.com (http://www.ferrexpo.com)
.

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