Ferrexpo PLC

LSE:FXPO

Ferrexpo Plc engages in mining, processing, and selling of iron ore pellets to the steel industry. The company is headquartered in Baar, Zug and currently employs 8,664 full-time employees. The company went IPO on 2007-06-20. The firm produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The firm's operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics. The company operates approximately two mines and a processing plant near Kremenchug in Ukraine, and an interest in a port in Odessa, and sales. The company operates a fleet of vessels operating on the Rhine and Danube waterways, and an ocean going vessel, which provides top off services, and operates on international sea routes. Its mineral properties lie within the Kremenchug Magnetic Anomaly and are being extracted at the Gorishne-Plavninskoye and Lavrikovskoye (GPL), and Yeristovskoye deposits. The company has a customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea.