Ferrexpo suspends operations due to Russian energy strikes – LSE informs investors
10 November 23:30
The Swiss mining company Ferrexpo plc (LSE: FXPO) reported that following the Russian missile attacks on Ukraine’s energy infrastructure on the morning of November 8, 2025, electricity supply to its enterprises was disrupted. As a result, production and exports have been temporarily suspended. This is stated in a statement published by the company on the website of the London Stock Exchange, "Komersant Ukrainian" reports
The company notes that there were no casualties or injuries.
Energy sector hit in Poltava region
In recent months, there has been an increase in the frequency and intensity of attacks targeting Ukraine’s energy production and transmission infrastructure.
According to Ferrexpo, the attacks targeted energy facilities in Horishni Plavni, the city where the company’s main production facilities are located, as well as the industrial zone of Kremenchuk.
Following the attacks, electricity supply to Horishni Plavni was completely cut off, causing Ferrexpo Poltava Mining (FPM) and Ferrexpo Yeristovo Mining (FYM) to shut down.
Impact on Ferrexpo’s production and exports
Ferrexpo emphasized that it had prepared in advance for possible disruptions by creating reserves of semi-finished and finished products at the company’s sites and elsewhere to minimize the impact on the production cycle and exports.
Over the weekend, electricity supply was partially restored and some areas of the processing plant are back in operation. Work to restore power supply and production capacity is ongoing.
The company promised to provide an update when the situation stabilizes.
“Ferrexpo regrets that the attacks on Ukraine’s energy infrastructure have led to a temporary suspension of production. We continue to make every effort to resume operations as soon as possible,” the company said in an official statement.
For reference
Ferrexpo is a Swiss company headquartered in Lucerne with mining assets in Ukraine and listed on the London Stock Exchange (FXPO ticker).
The company produces high-quality iron ore pellets for the global steel industry, which help reduce carbon emissions and increase the efficiency of steel production. Before the full-scale invasion of Russia in 2022, Ferrexpo was one of the three largest exporters of iron ore pellets in the world.
The group’s enterprises employ thousands of people in Poltava region and supply products to the world’s leading steel mills.
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