2016 Full Year Results


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Who we are

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It is the 6th largest seaborne pellet producer and has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 35 years. Ferrexpo’s resource base is one of the largest iron ore deposits in the world.

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Group history

Mining commences
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  • 1960

    Mining operations commence at Poltava. One of the first blasts in FPM pit.

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  • 1970

    First concentrate produced. Construction of the Crushing Plant.

Pellet production
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  • 1977

    First production of pellets.
    Allis Chalmer Rotary Kiln in the
    Pellet Production.

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  • 1992

    Privatisation of Poltava GOK.

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  • 2004

    First production of higher grade 65% pellets.

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  • 2005

    Ferrexpo opens sales office in Shanghai.

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  • 2006

    First conversion of Soviet classified resources into 4.0 billion tonnes of JORC resources.

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  • 2007

    We are the first Ukrainian company to list on the main market of the LSE and enters the FTSE 250 Index.

  • 2007

    Port joint venture at Yuzhny on the Black Sea established. Enables shipping to global seaborne markets.

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  • 2008

    Commencement of Ferrexpo Yeristovo Mining.

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  • 2009

    Despite the global Financial Crisis, the Group produces at full capacity and remains cash flow positive throughout the year

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  • 2010

    Acquisition of Helogistics Holdings GmbH (December).

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  • 2011

    Record profit and capital investment growth, 75% of operating cash flows re-invested into the business for future development.

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  • 2012

    First ore at Ferrexpo Yeristovo Mining - a milestone in our history.

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  • 2013

    Opening of Ferrexpo Tokyo sales office.

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  • 2014

    Ferrexpo completes its quality programme, allowing it to ramp up production of its premium 65% Fe pellets.

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  • 2015

    Ferrexpo reduces its C1 cost of production by 30% ensuring that it is one of the lowest cost pellet producers in the world. Ferrexpo increased production of pellets to a record level of 11.7 Million tonnes. It also increased production of it premium 65% Fe pellets by 79% to 10.4 Million tonnes.