2Q 2015 Pellet Production

RNS Number : 0714S

Ferrexpo PLC

03 July 2015

 

3 July 2015

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

2Q 2015 Pellet Production

Summary:

·   Record production of pellets in 2Q 2015 with output of premium 65% Fe pellets reaching 89% of volumes

·   1H total pellet production up 8.3% to 5.8mt (1H 2014: 5.4 mt)

·   93% increase in production of 65% Fe pellets in 1H 2015 to 5.1 mt (1H 2014: 2.6 mt)

Production in tonnes '000		1Q 2015	2Q 2015	Change			1H 2015	1H 2014	Change
				%					%
Pellet production from own ore		2,723.23	2,780.71	2.1%			5,503.94	5,212.88	5.6%
	62% Fe	433.40	317.04	(26.8)%			750.44	2,741.90	(72.6)%
	65% Fe	2,289.83	2,463.67	7.6%			4,753.49	2,470.98	92.4%
Pellet production from third party materials		162.07	150.70	(7.0)%			312.77	155.72	100.9%
	62% Fe	0.00	5.96	-			5.96	0.00	-
	65% Fe	162.07	144.73	(10.7)%			306.81	155.72	97.0%
Total pellet production		2,885.30	2,931.40	1.6%			5,816.70	5,368.60	8.3%
	62% Fe	433.40	323.00	(25.5)%			756.40	2,741.90	(72.4)%
	65% Fe	2,451.90	2,608.40	6.4%			5,060.30	2,626.70	92.6%

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
Peter Ogden	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and transport and sales operations throughout the world. It has been mining and processing high quality iron ore pellets for the global steel industry for over 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is the 4th largest supplier of pellets to the global steel industry and the largest producer and exporter of pellets from the Former Soviet Union. In 2014, it produced 11 million tonnes of pellets, a 2% increase compared to 2013 and a record for the Company. Ferrexpo has a diversified customer base supplying steel mills in Austria, China, Japan, Germany as well as other European and Asian countries.  Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

 

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