Ferrexpo PLC Report on Payments to Governments
May 16 2025 - 12:00PM
RNS Regulatory News
RNS Number : 7142I
Ferrexpo PLC
16 May 2025
16 May
2025
Ferrexpo
Plc
("Ferrexpo" or the "Company"
or the "Group")
Report on Payments to
Governments for the year ended 31 December 2024
Ferrexpo Plc (LSE: FXPO), a premium
iron ore pellet producer and supplier to the global steel industry,
hereby provides information in accordance with DTR 4.3A in respect
of payments made by the Company, and its subsidiaries, to
governments during the year ended 31 December 2024.
This announcement is made in
compliance with The Reports on Payments to Governments Regulations
2014, as amended (the "Regulations").
|
2024
(US$
'000)
|
Production
entitlements
|
Taxes paid
|
Royalties
paid
|
Dividends
paid
|
Bonuses
paid
|
Licences and concessions
paid
|
Infrastructure improvements
paid
|
Total
|
|
Ukraine:
|
|
|
|
|
|
|
|
|
|
State treasury: State
budget
|
-
|
15,262
|
18,817
|
-
|
-
|
-
|
-
|
34,079
|
|
State treasury: Regional
budget
|
-
|
2,161
|
6,720
|
-
|
-
|
-
|
-
|
8,881
|
|
State treasury: Local
budget
|
-
|
6,404
|
1,344
|
-
|
-
|
-
|
-
|
7,748
|
|
Total Ukraine
|
-
|
23,827
|
26,881
|
-
|
-
|
-
|
-
|
50,708
|
|
Grand Total
|
-
|
23,827
|
26,881
|
-
|
-
|
-
|
-
|
50,708
|
Basis of preparation:
1. The
Company regards payments relating to the Group's mining operations
in Ukraine as interconnected projects for the purposes of the
regulations.
2. Taxes
paid include taxes levied on the income, production or profits of
companies but excludes any taxes levied on consumption such as
value added taxes, personal income taxes or sales taxes.
3. Payments
made in currencies other than US dollars are converted at the
average foreign exchange rate for the relevant month.
This report is available for
download at http://www.ferrexpo.com.
For further information, please
contact:
About Ferrexpo:
Ferrexpo is a Swiss headquartered
iron ore company with assets in Ukraine and a listing in the equity
shares commercial companies category on the London Stock Exchange
(ticker FXPO) and a constituent of the FTSE 250 and FTSE4Good
indices. The Group produces high grade iron ore pellets, which are
a premium product for the global steel industry and enable reduced
carbon emissions and increased productivity for steelmakers when
converted into steel, compared to more commonly traded forms of
iron ore. Ferrexpo's operations have been supplying the global
steel industry for over 50 years. Before Russia's full-scale
invasion of Ukraine in February 2022, the Group was the world's
third largest exporter of pellets. The Group has a global customer
base comprising of premium steel mills around the world. For
further information, please visit www.ferrexpo.com.
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END
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