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Ferrexpo Plc

Report on Payments to Govts

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RNS Number : 7258D
Ferrexpo PLC
27 June 2019
 

 

28 June 2019

 

FERREXPO plc

("Ferrexpo" or the "Group")

 

Report on Payments to Governments for the year ended 31 December 2018

Ferrexpo today provides information in accordance with DTR 4.3A in respect of payments made by the Company and its subsidiaries to governments for the year ended 31 December 2018 and in compliance with The Reports on Payments to Governments Regulations 2014, as amended (the Regulations).

 

2018

Production entitlements

Taxes
paid

Royalties paid

Dividends paid

Bonuses
paid

Licenses and concessions paid

Infrastructure improvements paid

Total

 

(US$'000)

Ukraine

 

 

 

 

 

 

 

 

   State treasury: State budget

                      -

            38,302

            14,701

                      -

                      -

                      -

                      -

            53,003

   State treasury: Regional budget

                      -

              1,515

              4,900

                      -

                      -

                      -

                      -

              6,415

   State treasury: Local budget

                      -

              3,924

                 263

                      -

                      -

                      -

                      -

              4,187

   Total Ukraine

                      -

            43,741

            19,864

-

       -

                 -

                  -

            63,605

 

 

 

 

 

 

 

 

 

Grand Total

                      -

            43,741

            19,864

                      -

                      -

                      -

                      -

            63,605

 

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

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

 

For further information contact:

 

Ferrexpo:

Ingrid McMahon

 

+44 207 389 8304

 

 

Maitland:

James Isola

 

+44 207 379 5151

 

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 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. 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 f the London Stock Exchange under the ticker FXPO. 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 [email protected] or visit www.rns.com.
 
END
 
 
PGREAKKXAFENEFF

Quick facts: Ferrexpo Plc

Price: £1.93

Market: LSE
Market Cap: £1.14 billion
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