Ferrexpo is principally involved in the production and export of iron ore pellets to the global steel industry. Backed by one of the largest iron ore resources in the world, our aim is to realise the potential of our unique resource and to be a globally recognised supplier of iron ore pellets.

At the core of our business is the Ferrexpo Poltava Mining (FPM) operation, with approximately 20 billion tonnes of iron ore resource, based on the banks of the river Dnieper in central Ukraine. This favourable location offers good access to the Black Sea ports and excellent railway and waterway links into Central Europe. 

The ore mined at FPM has an iron content of around 30%, which is processed and converted to iron ore pellets with an iron content of 62% and 65%. Pellets are principally used by steel mills in blast furnaces to make iron and steel, and they have positive process and environmental qualities.

Sales and logistics are carried out by a specialist marketing division, headquartered in Switzerland, with further offices in Shanghai, London and Kiev. Principal customers are in Western, Central and Southern Europe, China and other parts of Asia.

In 2007, the company produced 9.1 million tonnes of pellets. The Group has commenced a significant growth programme which contemplates the opening of up to a further three iron ore mines along the existing deposit in the next ten years. This aggressive growth programme has the potential to raise annual production to approximately 35 million tonnes of pellets by 2018. This is accompanied by a series of projects to raise product quality and control costs. These capital projects were placed on hold in October 2008, pending improvements in global market conditions. The Group remains committed to realising this growth as soon as practically possible.