Ferrexpo is a significant investor in local community initiatives and has a rolling investment programme implemented each year.

The Board strongly believes in supporting the communities around its operations, building positive local relations and assisting the development of the micro-economic environment within the communities to ensure that their dependence on the company is reduced.

Previously the Group has invested in charities, medical facilities, social services, education, and religious, culture and sporting activities, as well as on the maintenance of certain of the city’s social and cultural structures.

Ferrexpo also actively encourages start up of support services to the Group’s mining activities, transforming internal departments into stand-alone businesses. In many cases, these services can be made available on a commercial basis to other enterprises within the local community which in turn improves the viability and sustainability of the local economy. To encourage this process, FPM has offered finance and other support to employees who launched such businesses.

For further information on Ferrexpo’s community investment please see our Annual Reports.