Mining company Ferrexpo plc (LSE: IPO) with assets in Ukraine announced the suspension of the shipment of pellets to customers in the port of Pivdenny on the Black Sea after notifying the port authorities.

"As a result, the group's marketing department has issued force majeure notices to certain customers who were expected to receive the group's products by ocean-going vessels in the near future," the company said in a release on the London Stock Exchange.

According to it, the mining and processing enterprises of the group, located near the town of Horishni Plavni (Poltava region) in central Ukraine, continue to operate. The Group has the opportunity to store its iron ore pellets on site, while Ukraine's logistics chains continue to experience disruptions, the report says.

Ferrexpo is an iron ore company with assets in Ukraine.

Ferrexpo owns 100% of the shares of Poltava Mining, 100% of Yeristovo Mining and 99.9% of Belanovo Mining.