26 June 2024
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Report on Payments to Governments for the year ended 31 December 2023
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 2023.
This announcement is made in compliance with The Reports on Payments to Governments Regulations 2014, as amended (the "Regulations").
2023 (US$ '000) |
Production entitlements |
Taxes |
Royalties paid |
Dividends paid |
Bonuses |
Licences and concessions paid |
Infrastructure improvements paid |
Total |
Ukraine |
|
|
|
|
|
|
|
|
State treasury: State budget |
- |
12,042 |
8,895 |
- |
- |
- |
- |
20,937 |
State treasury: Regional budget |
- |
1,220 |
3,177 |
- |
- |
- |
- |
4,397 |
State treasury: Local budget |
- |
6,090 |
635 |
- |
- |
- |
- |
6,725 |
Total Ukraine |
- |
19,352 |
12,707 |
- |
- |
- |
- |
32,059 |
|
|
|
|
|
|
|
|
|
Grand Total |
- |
19,352 |
12,707 |
- |
- |
- |
- |
32,059 |
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:
Ferrexpo: |
|
|
Nick Bias |
n.bias@ferrexpo.ch |
+44 (0)20 7389 8300 +44 (0)7733 177 831 |
|
|
|
Tavistock: |
|
|
Jos Simson Gareth Tredway |
+44 (0)20 7920 3150 +44 (0)7785 974 264 |