RE: Late RNS - Tomorrow Will Be Bad for the SP!21 Jan 2026 08:00
11 October 2022
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Operations Update
As a result of these missile strikes, state-owned electrical infrastructure, which is located outside of the Group's operations, has been damaged. Limited power supply is available at the Group's operations, which is being prioritised for critical equipment required for essential services and local communities. Consequently, production has been temporarily suspended at the Group's operations. Engineers are currently conducting an assessment of the damage incurred to electrical infrastructure, and an estimate of the period of production downtime as repairs are carried out.
1 November 2022
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Operations Update
Ferrexpo plc (LSE: FXPO), an exporter of high grade iron ore pellets to the global steel industry, announces that following the Group's press release on 11 October 2022, announcing a temporary suspension of production as a result of Russian missile strikes on state-owned electrical infrastructure, repair work has now sufficiently progressed to allow for the partial resumption of production activities at its operations in central Ukraine.
The supply of power to the Group's operations, however, remains variable and limited, which has an impact on the cost effectiveness of production. As a result, the Group is currently focused on drawing down on its stockpiles of finished iron ore products to maintain supplies to its customers, and the ability to utilise such stockpiles has ensured a consistent supply to customers since the events referenced above. The Group can confirm that it has sufficient stockpiles to meet customer demand.