Ferrexpo halts Ukraine operations, furloughs staff after power grid attacks

Ferrexpo said on Tuesday it has halted mining operations in Ukraine and furloughed part of its workforce after Russia’s renewed attacks on the country’s power network disrupted electricity supplies.

The suspension will remain in place until power can be provided consistently at required levels, the company said.

Ferrexpo added there were no fatalities or injuries among staff and that its assets were undamaged.

In November, the miner reported interruptions to production and exports after Russian drone and missile strikes hit regional power infrastructure, though limited operations continued using restored electricity and existing stocks of intermediary non-finished and finished iron ore products.

(By Aatrayee Chatterjee; Editing by Shilpi Majumdar and Sahal Muhammed)