FT Markets Data
Ferrexpo PLC

Report on Payments to Governments

Source: RNS
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

(US$ '000)

Production entitlements

Taxes
paid

Royalties

paid

Dividends paid

Bonuses
paid

Licences and concessions paid

Infrastructure improvements paid

Total 

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.

 

 

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

Gareth Tredway

ferrexpo@tavistock.co.uk

+44 (0)20 7920 3150

+44 (0)7785 974 264

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
PGRQQLFLZQLFBBX