Finance

Miner Ferrexpo halts Ukraine operations, furloughs staff after power grid attacks

Published by Global Banking & Finance Review

Posted on January 20, 2026

1 min read

· Last updated: January 20, 2026

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Jan 20 (Reuters) - 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

Miner Ferrexpo halts Ukraine operations, furloughs staff after power grid att...

Impact of Power Grid Attacks on Ferrexpo

Jan 20 (Reuters) - 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.

Current Status of Operations

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

Safety of Staff and Assets

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

Historical Context of Production Interruptions

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.

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

Key Takeaways

  • Ferrexpo halts mining in Ukraine due to power disruptions.
  • Part of the workforce has been furloughed.
  • No injuries or damage to assets reported.
  • Operations affected by Russian attacks on power infrastructure.
  • Limited operations continued using restored electricity.

Frequently Asked Questions

What is a power grid?
A power grid is a network of electrical transmission lines and substations that deliver electricity from producers to consumers.
What is mining operations?
Mining operations involve the extraction of minerals or other geological materials from the earth, often for commercial purposes.
What is workforce furlough?
A workforce furlough is a temporary leave of absence from work, often due to economic conditions or operational disruptions.
What are production interruptions?
Production interruptions refer to disruptions in the manufacturing process, which can be caused by various factors including external attacks or equipment failure.

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