Ferrexpo establishes humanitarian fund to support Ukraine

The organisation today announced the creation of a Humanitarian Fund, to provide direct support for local communities surrounding its operations and in Ukraine.

Ferrexpo plc, exporter of high grade iron ore pellets to the global steel industry, with operations in central Ukraine, has allocated an initial US$1.5 ln has been allocated to the fund, following the Russian invasion of Ukraine, and projects are being coordinated by Ferrexpo’s management team in Ukraine, who are working closely with local community leaders, as well as local and national government. The group is continuing to monitor developments and will respond as appropriate with additional funding.

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 local hospitals and medical facilities. Funds are being deployed on a daily basis to support the quickly changing situation in the country.

Jim North, CEO of Ferrexpo says, ‘Our Humanitarian Fund is one of many initiatives we are embarking on to support Ukraine during this distressing period…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.’