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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Value creation

Have you ever used electronics from Sony or Panasonic?

Have you ever driven a car from Audi, BMW, Porsche, Honda, Toyota, Volkswagen, Mercedes, Skoda?

All are made with steel containing iron ore from Ferrexpo’s operations in Poltava region, Central Ukraine.

Ferrexpo has been a consistent exporter, employer and tax payer in Ukraine through the commodities cycle

  • Ferrexpo is the largest exporter of iron ore pellets in the CIS
  • We are largest employer in the Poltava region with over 8,500 employees and contractors
  • In 2015, the average wage at Ferrexpo was 72% higher than the national average and 15% higher than the average wage received in the Ukrainian mining industry
  • We have an active community support programme, since our IPO in 2007 we have made community support donations of approximately US$115 million
  • Since 2007, we have invested over US$2 billion into our Ukrainian operations -ensuring our operating facilities are world class and highly competitive
  • The Group is a reliable tax payer through the business cycle
  • Since 2007, we have paid approximately US$507 million in income and other taxes in Ukraine as well as US$105 million for royalty payments
  • In 2015, Ferrexpo’s US dollar export revenue was 1.8% of Ukrainian’s total export revenue