Ferrexpo PLC Report on Payments to Governments for CY2022 (2947E)
29 June 2023 - 4:00PM
UK Regulatory
TIDMFXPO
RNS Number : 2947E
Ferrexpo PLC
29 June 2023
29 June 2023
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Report on Payments to Governments for the year ended 31 December
2022
Ferrexpo plc (LSE: FXPO), the premium iron ore pellet producer,
with operations in central Ukraine, 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 2022. This announcement is made in compliance with The
Reports on Payments to Governments Regulations 2014, as amended
(the "Regulations").
2022 Production Taxes Royalties Dividends Bonuses Licences Infrastructure Total
entitlements paid and concessions improvements
paid paid
(All figures paid paid paid
US$, thousands
)
---------------- ------------------------ ------------------- ------------------- ----------------------- ----------------------- ----------------------- -----------------------
Ukraine
------------------------ ------------------- ------------------- ----------------------- ----------------------- ----------------------- -----------------------
State treasury:
State budget - 96,403 40,700 - - - - 137,103
------------------------ ------------------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
State treasury:
Regional
budget - 10,485 14,536 - - - - 25,021
------------------------ ------------------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
State treasury:
Local budget - 6,206 2,907 - - - - 9,113
------------------------ ------------------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
Total
Ukraine - 113,094 58,143 - - - - 171,237
------------------------ ------------------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
Grand
Total - 113,094 58,143 - - - - 171,237
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
Tavistock:
Jos Simson +44 (0)20 7920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 (0)7785 974 264
About Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine and a premium listing on the London Stock Exchange in
the FTSE 250 index (ticker FXPO). 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 the Group's iron ore pellets are
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, and in 2022 the Group produced
6.1 million tonnes of iron ore pellets, placing Ferrexpo as one of
the largest exporter of pellets to the global steel industry. The
Group has a global customer base comprising of premium steel mills
around the world, which includes steel mills in Austria, Germany,
Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic,
Turkey, Vietnam and America. For further information, please visit
www.ferrexpo.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBLGDLBUDDGXI
(END) Dow Jones Newswires
June 29, 2023 02:00 ET (06:00 GMT)
Ferrexpo (LSE:FXPO)
Historical Stock Chart
From Apr 2024 to May 2024
Ferrexpo (LSE:FXPO)
Historical Stock Chart
From May 2023 to May 2024