Ferrexpo halts production, exports after power supply disruptions caused by strikes on Ukraine's energy infrastructure
Ferrexpo plc, an iron ore mining company with core assets in Ukraine, has suspended exports of iron ore products after power supply disruptions caused by Russian attacks on Ukraine's energy infrastructure.
"Ferrexpo plc (LSE: FXPO) regrets to announce that following attacks on Ukrainian energy infrastructure early on Saturday 8 November 2025, the supply of power to its operations has been affected and as a result production and exports will be interrupted," the company said in a press release on Monday.
There are no reports of fatalities or injuries.
The company said that in recent months, an increase in the frequency and intensity of attacks targeting Ukrainian energy generation and transmission infrastructure has been observed. During the early hours of Saturday 8 November 2025, missiles hit energy transmission targets in Horishni Plavni, the mining city where Ferrexpo is situated, and the larger nearby industrial city of Kremenchuk.
Following the attacks the supply of power was cut to the city of Horishni Plavni and operations at the Group's subsidiaries, Ferrexpo Poltava Mining (FPM) and Ferrexpo Yeristovo Mining (FYM) were suspended.
The company added that it has established stocks of intermediary non-finished and finished iron ore products on site and at other locations to minimise disruption to its production cycle and exports.
Over the weekend, a limited amount of power has been restored to FPM and FYM and parts of the processing plant are once again operational. Efforts continue to restore power and production capacity.
Ferrexpo owns 100% of Yeristovo Mining LLC, 99.9% of Belanovo Mining LLC, and 100% of PJSC Poltava Mining.