REG - Ferrexpo plc - Report on Payments to Governments

FerrexpoAnnouncement

26/06/2024 17:30

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RNS Number : 0342U  Ferrexpo PLC  26 June 2024

 

26 June 2024

 

Ferrexpo plc

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

 

Report on Payments to Governments for the year ended 31 December 2023

 

Ferrexpo plc (LSE: FXPO), a premium iron ore pellet producer and supplier to
the global steel industry, 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 2023.

This announcement is made in compliance with The Reports on Payments to
Governments Regulations 2014, as amended (the "Regulations").

 

 2023                             Production entitlements                       Taxes                             Royalties                       Dividends paid                                Bonuses                                       Licences and concessions paid                 Infrastructure improvements paid              Total

paid

paid
 (US$ '000)                                                                                                       paid
 Ukraine
 State treasury: State budget                           -                       12,042                                        8,895                                     -                                             -                                             -                                             -                                 20,937
 State treasury: Regional budget                        -                                   1,220                             3,177                                     -                                             -                                             -                                             -                                   4,397
 State treasury: Local budget                           -                                     6,090                             635                                     -                                             -                                             -                                             -                                     6,725
 Total Ukraine                                      -                                     19,352                              12,707                              -                                            -                                                    -                                             -                                 32,059

 Grand Total                                           -                                  19,352                              12,707                              -                                           -                                                     -                                             -                                 32,059

 

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

                                                                              +44 (0)7733 177 831

 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 (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. Before Russia's invasion of Ukraine in February 2022, the Group was the world's third largest exporter of pellets to the global steel industry. The Group has a customer base comprising of premium steel mills around the world. For further information, please visit
www.ferrexpo.com (http://www.ferrexpo.com)
.

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