Ferrexpo PLC Report on Payments to Governments for 2020 (0556D)
June 25 2021 - 1:00AM
UK Regulatory
TIDMFXPO
RNS Number : 0556D
Ferrexpo PLC
25 June 2021
25 June 2021
Ferrexpo plc
("Ferrexpo", the "Company" or the "Group")
Report on Payments to Governments for the year ended 31 December
2020
Ferrexpo today provides information in accordance with DTR 4.3A
in respect of payments made by the Group and its subsidiaries to
governments for the year ended 31 December 2020, in compliance with
The Reports on Payments to Governments Regulations 2014, as amended
(the "Regulations").
2020 Total
----------- ------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- -----------------------
Production Taxes Royalties Dividends Bonuses Licences Infrastructure
entitlements paid Paid paid paid and concessions improvements
(US$'000) (US$'000) (US$'000) (US$'000) (US$'000) paid (US$'000) paid (US$'000) (US$'000)
----------- ------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
Ukraine
------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- -----------------------
State
treasury:
State
budget - 51,781 18,113 - - - - 69,894
------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
State
treasury:
Regional
budget - 7,275 6,469 - - - - 13,744
------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
State
treasury:
Local
budget - 4,433 1,294 - - - - 5,727
------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
Total
Ukraine - 63,489 25,876 - - - - 89,365
------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
Grand
Total - 63,489 25,876 - - - - 89,365
------------------------ ---------- ------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------
Basis of preparation:
1. Ferrexpo 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 www.ferrexpo.com .
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson
Gareth Tredway +44 207 920 3150
Annabel de Morgan ferrexpo@tavistock.co.uk +44 778 855 4035
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine. It has been mining, processing and selling high quality
iron ore pellets to the global steel industry for over 40 years. In
2020, the Group produced 11.2 Mt of iron ore pellets, a 7% increase
on the prior year. The Company is ranked as the world's 3(rd)
largest exporter of pellets to the global steel industry with a
market share of approximately 9%. Ferrexpo has a diversified
customer base supplying steel mills in Austria, Germany, Japan,
South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey,
Vietnam and America. Ferrexpo has a premium listing on the main
market of the London Stock Exchange under the ticker FXPO. For
further information, please visit www.ferrexpo.com.
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END
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