Ferrexpo more than doubled iron ore pellet production in the first quarter, driven by an improvement in the supply of electricity to operations in Ukraine, which enabled the restart of a second pelletiser line in late February 2023.
Ferrexpo PLC on Thursday said iron ore pellet production doubled quarter-on-quarter in the first three months of 2023, as it saw a more steady supply of electricity during the period.
Output was. | April 6, 2023
Ferrexpo (LON:FXPO – Get Rating)‘s stock had its “hold” rating reissued by stock analysts at Peel Hunt in a report released on Thursday, Marketbeat reports. They presently have a GBX 125 ($1.55) price target on the iron ore producer’s stock. Peel Hunt’s price objective points to a potential upside of 6.75% from the company’s current […]
Ukraine’s National Bureau of Investigation had said Zhevago, who owns a majority stake in mining group Ferrexpo, was wanted on suspicion of embezzlement and money laundering related to the bankruptcy of Ukrainian bank Finance and Credit
Mining company Ferrexpo with assets in Ukraine points out the illegality of revoking one of the licenses - for the exploration of the Galeschynske deposit of ferruginous quartzites (Kremenchuk) – after falling under the sanctions of the Belanovo Mining (Horishni Plavni, Poltava region, part of the group).