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Ferrexpo Is Looking To Possibly Recover Some Funds Donated To Charity In Ukraine - Source
Ferrexpo Says Committee Unable To Conclude Use Of Funds By Charity, Terminates Ties With Them
Ferrexpo Profit Jumps, Charity Review Ongoing
Ferrexpo plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company's operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics. It operates approximately two mines and a processing plant near Kremenchug in Ukraine, and an interest in a port in Odessa, and sales. It operates a fleet of vessels operating on the Rhine and Danube waterways, and an ocean going vessel, which provides top off services, and operates on international sea routes. Its mineral properties lie within the Kremenchug Magnetic Anomaly and are being extracted at the Gorishne-Plavninskoye and Lavrikovskoye (GPL), and Yeristovskoye deposits. It has a customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea.
Non-Executive Chairman of the Board
Kostyantyn Valentynovych Zhevago
Chief Executive Officer, Executive Director
Group Chief Financial Officer, Executive Director
General Director of Ferrexpo Yeristovo Mining
Chief Financial Officer of Ferrexpo Poltava Mining
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Iron ore miner Ferrexpo plc <FXPO.L> said on Wednesday it appointed MHA MacIntyre Hudson, the UK member of Baker Tilly International, as its auditor for the current financial year.
Iron ore miner Ferrexpo rejected on Monday an allegation by auditor Deloitte that it had delayed an investigation into the use of funds by its charity partner in Ukraine.
Deloitte had repeatedly requested for an investigation into discrepancies at Ferrexpo Plc's charity partner in Ukraine, according to a statement from the iron ore miner's former auditor.
Deloitte quit as Ferrexpo's auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner's CEO controlled a charity being investigated over its use of company donations.
Ferrexpo Plc said on Friday Deloitte LLP had resigned as its auditor with immediate effect.
Iron ore pellet producer Ferrexpo Plc on Tuesday said some funds of a charity in Ukraine it donates to could have been "misappropriated" as indicated by findings of an ongoing independent investigation.
Ukraine-focused Iron ore pellet producer Ferrexpo Plc on Tuesday said that some funds of a charity it donates to could have been "misappropriated" as indicated by findings of an independent investigation.
Iron ore pellet producer Ferrexpo Plc said on Tuesday a review of the group's donation to charity Blooming Land identified additional discrepancies, forcing it to delay the release of its full-year results for 2018.
Shares of Ferrexpo Plc fell more than 7 percent after the iron ore pellet producer said on Monday an ongoing review of statements of a charitable foundation in Ukraine to which it made donations may affect its books.
Iron ore pellet producer Ferrexpo <FXPO.L> announced a record dividend on Wednesday as earnings jumped on stronger demand from the steel industry.
Iron ore pellet producer Ferrexpo raised its 2017 dividend by 150 percent on Wednesday as earnings jumped on stronger demand.
Iron ore pellet producer Ferrexpo <FXPO.L> on Thursday said it was resuming dividends after first-half revenue rose 29 percent and debt fell and it said tougher environmental standards in China would help to drive future profits.
Ukrainian iron ore producer Ferrexpo is raising a four-year pre-export syndicated loan of up to US$350m, banking sources said on Monday.
Iron ore pellet producer Ferrexpo plans to double its dividend in 2017 and raise spending on its mines on expectation for improved prices for its products, the company's financial officer said on Wednesday.
Iron ore pellet producer Ferrexpo is resuming dividends following a 20 percent rise in its 2016 earnings, driven by a surge in commodity prices and lower costs, the company said on Wednesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.