25th Feb 2022 08:44
Ferrexpo PLC - Baar, Switzerland-headquartered producer of iron ore pellets in Ukraine - Export activities at the port of Pivdennyi in southwest Ukraine have been suspended following the invasion by Russia. The port is where Ferrexpo's berth is located for shipping iron ore pellets, so it has issued force majeure notices to customers who were due to receive shipments in the near term. Says its mining and processing operations in Horishni Plavni in central Ukraine continue to operate, and it is able to stockpile pellets there, while logistics networks are disrupted. On Thursday, the Ukraine government had suspended rail transportation.
Current stock price: 144.20 pence, up 1.3% Friday
12-month change: down 59%
By Tom Waite; [email protected]
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