Report on Payments to Governments for 2020

RNS Number : 0556D

Ferrexpo PLC

25 June 2021

 

25 June 2021       

Ferrexpo plc

 ("Ferrexpo", the "Company" or the "Group")

Report on Payments to Governments for the year ended 31 December 2020

Ferrexpo today provides information in accordance with DTR 4.3A in respect of payments made by the Group and its subsidiaries to governments for the year ended 31 December 2020, in compliance with The Reports on Payments to Governments Regulations 2014, as amended (the "Regulations").

2020	Production entitlements (US$'000)	Taxes paid (US$'000)	Royalties Paid (US$'000)	Dividends paid (US$'000)	Bonuses paid (US$'000)	Licences and concessions paid (US$'000)	Infrastructure improvements paid (US$'000)	Total
								(US$'000)
Ukraine
State treasury: State budget	-	51,781	18,113	-	-	-	-	69,894
State treasury: Regional budget	-	7,275	6,469	-	-	-	-	13,744
State treasury: Local budget	-	4,433	1,294	-	-	-	-	5,727
Total Ukraine	-	63,489	25,876	-	-	-	-	89,365
Grand Total	-	63,489	25,876	-	-	-	-	89,365

Basis of preparation:

1.  Ferrexpo 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 translated at the average foreign exchange rate for the relevant month.

This report is available for download at  www.ferrexpo.com .

For further information, please contact:

Ferrexpo:
Rob Simmons	[e-mail]	[phone]
Tavistock:
Jos Simson Gareth Tredway Annabel de Morgan	[e-mail]	[phone] [phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2020, the Group produced 11.2 Mt of iron ore pellets, a 7% increase on the prior year. The Company is ranked as the world's 3^rd largest exporter of pellets to the global steel industry with a market share of approximately 9%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com.

 

END

 

 

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