TIDMFXPO
Ferrexpo PLC
29 March 2022
29 March 2022
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Update on Ferrexpo Humanitarian Fund Activities and Support from
International Partners
Ferrexpo plc (LSE: FXPO), the world's third largest exporter of
high grade iron ore pellets to the global steel industry, with
operations in central Ukraine, announces the following update on
the activities of the Group's Humanitarian Fund (the "Fund") in
Ukraine.
Russia's continued invasion of Ukraine is creating a growing
humanitarian crisis within the country. The Group continues to
deploy assistance through the Fund, with individual projects
approved on a daily basis, ranging in scale and complexity.
Projects are assessed for their ability to serve the immediate need
of communities within Ukraine, with support being offered to both
the population located close to the Group's operations in central
Ukraine, as well as locations further afield. To date, the Group
has helped to provide accommodation and assistance to over 1,400
refugees displaced as a result of Russia's invasion of Ukraine.
Recent projects have included the following:
-- The provision of materials for the temporary housing of
internally displaced people, such as folding beds, blankets,
lighting and battery packs for charging phones, as well as computer
equipment to assist the local authorities with coordinating the
refugee relief effort.
-- Equipment for firefighting teams, such as radios, satellite
phones and protective equipment, to aid in search and rescue
activities in towns and cities directly affected by the
invasion.
-- Batteries for light vehicles and battery packs for remote
charging of mobile phones, for community organisations responsible
for aiding fellow community members.
-- Medical supplies for local hospitals from international vendors.
Each individual project is reviewed and approved by the Group's
Health, Safety, Environment and Communities Committee, which is a
subcommittee of the Board of Directors, and is the committee
responsible for the Group's community support activities.
Furthermore, the Group is proud to report on the response from
its international business partners, including suppliers, customers
and contractors that have answered the call to help Ukraine. A
number of the Group's partners have provided direct assistance to
help Ukraine, with one particular valued customer allocating funds
to directly assist projects in the local community of Horishni
Plavni, located adjacent to the Group's operations, as well as
other business partners providing financial aid, accommodation,
shipments of food, medicines for nursing, food for infants and for
other support projects throughout Ukraine.
Jim North, CEO of Ferrexpo, commented:
"The situation in Ukraine is grave and continues to deteriorate.
Russia is continuing its invasion of Ukraine, which is creating a
mass migration of people west, away from the conflict zones.
Support from international organisations is fundamental to the
relief effort, and we are doing everything we can do to be able to
either offer direct assistance, or help coordinate assistance,
wherever possible.
"We are proud and extremely grateful for the response from our
international network of business partners, which have extended
their assistance to aid the humanitarian effort in Ukraine, through
initiatives such as the provision of funding to humanitarian
organisations, the offer of direct aid to projects in the region
where we operate, or the transfer of goods and services to the
people of Ukraine. We would like to thank our partners for
answering Ukraine's call for help, with this assistance greatly
needed and greatly appreciated by those affected by Russia's
invasion.
"Ferrexpo continues to prioritise the safety of our workforce in
Ukraine. I would like to thank our colleagues for their continued
support during this time, as well as their efforts in helping the
humanitarian needs of the country."
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson +44 207 920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 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 40 years and in 2021 the Group produced
11.2 million tonnes of iron ore pellets, placing Ferrexpo as the
world's 3(rd) largest exporter of pellets to the global steel
industry with a market share of approximately 9%. 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
.
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