Ferrexpo donates US$1.5mn to Ukraine Humanitarian Fund

Ferrexpo sets up Humanitarian Fund which will deliver food, equipment and basic materials to Ukrainians

Ferrexpo has launched a Humanitarian Fund, backed by an initial US$1.5mn donation, which is providing direct support for local communities in Ukraine.

Projects are being coordinated by Ferrexpo’s management team in Ukraine, who are working closely with community leaders, as well as local and national government.

The Fund has already deployed resources toward the local sourcing of food with a long shelf life, restocking of equipment and basic materials such as blankets for shelters in residential areas and emergency medical supplies for hospitals and medical facilities.

Ferrexpo, the world's third largest exporter of high grade iron ore pellets to the global steel industry, has its operations in central Ukraine.

The priority remains the safety of its workforce and local communities, and the Group is working to tackle the humanitarian crisis that is emerging across Ukraine.

CEO Jim North said its Humanitarian Fund is one of many initiatives it is embarking on to support Ukraine during this distressing period.

"The Fund is an important part of our emergency response to the humanitarian needs of our local communities at this difficult time," he said.

"In addition, we are providing support in many areas, with accommodation available to those seeking refuge from other parts of the country, and we have implemented measures to support our workforce of more than 10,000 people, including but not limited the advance of salaries and paying taxes, a newly established centre at our operations to provide 24 hour child care, and the provision of psychological support to employees.

"This is an incredibly difficult time and I would like to thank our entire workforce for their united effort in finding ways to support our local communities and Ukraine.”

To read how Ferrexpo is tackling decarbonisation and autonomy, turn to page 42 of the current issue.

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