Ferrexpo PLC Report on Payments to Governments for 2021 (6776Q)
29 Juni 2022 - 3:07PM
UK Regulatory
TIDMFXPO
RNS Number : 6776Q
Ferrexpo PLC
29 June 2022
29 June 2022
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Report on Payments to Governments for the year ended 31 December
2021
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, 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 2021. This announcement is made in compliance with The
Reports on Payments to Governments Regulations 2014, as amended
(the "Regulations").
2021 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 - 204,058 27,480 - - - - 231,538
-------------- -------- ----------- ----------- --------- ---------------- ---------------- --------
State treasury:
Regional
budget - 24,556 9,814 - - - - 34,370
-------------- -------- ----------- ----------- --------- ---------------- ---------------- --------
State treasury:
Local budget - 6,113 1,963 - - - - 8,076
-------------- -------- ----------- ----------- --------- ---------------- ---------------- --------
Total
Ukraine - 234,727 39,257 - - - - 273,984
-------------- -------- ----------- ----------- --------- ---------------- ---------------- --------
Grand
Total - 234,727 39,257 - - - - 273,984
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 http://www.ferrexpo.com
.
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson
Emily Moss +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 50 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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