Supplying high quality iron ore for over 50 years, with sufficient resources for at least another 50 years.
As a leading European supplier of premium iron ore pellets we are enabling the transition to green steel. Our products are important to Ukraine and to customers around the world.
We are determined to protect our people and our assets so that we may continue to operate and contribute positively to Ukrainian society and the economy.
Ferrexpo is a leading European producer and supplier of premium iron ore products that are enabling the transition to green steel. Our products are important to Ukraine and to our customers around the world.
We are a vertically integrated producer and supplier of high-grade iron ore products. Our long-life deposits feed ore to our modern processing and beneficiation plants to produce high grade iron ore products which we can deliver by rail, barge or ship to our customers.
Our purpose is to deliver value to our stakeholders by producing and marketing premium iron ore products in a socially responsible and sustainable manner. We are focused on taking an ethical approach and developing positive relationships with all stakeholders.
Investment Case
We are a vertically-integrated producer of high-grade iron ore products. Our high-quality products are preferred by premium steel producers around the world and are enabling the transition to green steel, whilst at the same time supporting the Ukrainian economy.
Iron ore pellets
The Group produces high grade iron ore pellets which not only improve the productivity of steelmakers' blast furnaces, they also reduce carbon emissions. Ferrexpo is one of a limited number of listed companies that focus exclusively on producing high grade and high quality iron ore products, providing a clear pathway for those looking to invest in the decarbonisation of the steel industry.
Ferrexpo Poltava Mining
The Poltava Mine is the Group's largest open pit operation and has a JORC-compliant Ore Reserve of over 1 billion tonnes of iron ore, the equivalent of over 50 years of mine life remaining at the current rate of production.
Ferrexpo Yeristovo Mining
The Yeristovo Mine was opened by Ferrexpo in 2011 and is located immediately north of the Poltava Mine and is the source of approximately half of the high grade iron ore that is processed at the Group's processing plant.
Ferrexpo Belanovo Mining
The Belanovo Mine is Ferrexpo's will be the next mine to commence operations, and represents the pathway to significantly increasing the Group's production profile. Belanovo is located immediately north of the Yeristovo mine and represents a continuation of the same ore body present at both Poltava and Yeristovo.
Chart: Over US$3Bn of Investment Since IPO (click here for more details)
Pivoting to high grade production
When Ferrexpo listed in 2007, the Group produced a mix of medium grade 62% Fe iron ore pellets and high grade 65% Fe pellets, with each product type representing around half of total production. Through significant investment of over US$3.0 billion in the Group's production base and logistics network, the Group has steadily increased production of higher grade pellets, and phasing out production of medium grade material (62% Fe) over time. In 2020, Ferrexpo added commercial sales of additional products - higher grade iron ore pellets grading 67% Fe, and high grade commercial concentrate, also grading 67% Fe. Through these additional products offered, the Group has been able to further increase the overall grade and quality of the Group's product mix.
Through developing higher grade iron ore product offering, the Group has added resilience to its business model, enabling it to sell its iron ore production to premium steelmakers around the world. Higher grade iron ores also have a reduced carbon footprint.