Ferrexpo Yeristovo Mining LLC

Incorporation: 14 July 2008.

Purpose: commercial development of the Yeristovo iron ore deposit.

Ordinary business: exploration and operation of the mineral deposits; extraction and processing of iron ore and sale of the output produced (concentrate and pellets) as well as other minerals and associated by-products; drilling and blasting to facilitate mining operations; construction activities and lease of construction machinery, designing, research and execution of all works related to earthmoving, civil engineering and construction.
FYM is designed to mine 28 million tonnes of crude ore per annum and construct Crusher and Concentrator Plant to process ore and produce up to 10 million tonnes of iron ore concentrate (dry) with 67,3%.Fe content.

Given the financial constraints, Crusher and Concentrator construction is now on hold and FYM ore mined is processed by FPM – currently ca. 1.3 mio tn of ore per month is supplied via 3 railway reloading points to FPM.