Ferrexpo PLC Report on Payments to Governments (2843R)
29 Juni 2020 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 2843R
Ferrexpo PLC
29 June 2020
29 June 2020
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Report on Payments to Governments for the year ended 31 December
2019
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 2019 and in compliance
with The Reports on Payments to Governments Regulations 2014, as
amended (the Regulations).
2019 Production Taxes Royalties Dividends Bonuses Licenses Infrastructure Total
entitlements paid paid paid paid and concessions improvements
paid paid
------------- ------------------------ -------- ------------------- ----------------------- ----------------------- ----------------------- -----------------------
(US$'000)
------------- ------------------------ -------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
Ukraine
------------------------ -------- ------------------- ----------------------- ----------------------- ----------------------- -----------------------
State
treasury:
State
budget - 68,389 17,808 - - - - 86,197
------------------------ -------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
State
treasury:
Regional
budget - 9,207 6,360 - - - - 15,567
------------------------ -------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
State
treasury:
Local
budget - 4,580 1,272 - - - - 5,852
------------------------ -------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
Total
Ukraine - 82,176 25,440 - - - - 107,616
------------------------ -------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
Grand Total - 82,176 25,440 - - - - 107,616
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:
Rob Simmons +44 207 389 8305
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 2019, the Group produced 10.5 million tonnes of
pellets, compared to 10.6 million tonnes in 2018, 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, Serbia,
Hungary, 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
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.
END
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