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Ferrexpo planning production rebound

While the war in Ukraine continues to limit operations, a significant provision to cover potential legal payouts also knocked the 2023 bottom line
April 18, 2024
  • $124mn provision covering Zhevago legal troubles
  • Black Sea port availability still weighing on performance

Ukrainian iron ore miner Ferrexpo (FXPO) is back to its pre-invasion status quo in one way – that is, through spats with the government and legal troubles. The company cancelled an interim dividend announced in January after a freezing order on the holdings of 49.5 per cent shareholder Kostyantin Zhevago. 

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