4Q 2015 Production Report

RNS Number : 0550L

Ferrexpo PLC

07 January 2016

 

Ferrexpo plc

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

Production for 4Q 2015

Summary:

·   Record pellet production of 11.7 mt in 2015, up 5.8% (2014: 11.0 mt)

·   Record annual production of 65% Fe pellets of 10.4 mt, up 78% (2014: 65% Fe pellet production 5.8mt)

·   Record quarterly pellet production of 2.9 mt, 4.3% higher than 3Q 2015, of which 95% were 65% Fe pellets (3Q: 87% 2015)

Pellet production (000' tonnes)	4Q 2015	3Q 2015	Change		2015	2014	Change
Pellet production from own ore	2,954.12	2,800.39	5.5%		11,258.45	10,670.45	5.5%
- 62% Fe pellets	157.50	381.40	-58.7%		1,289.34	5,125.96	-74.8%
- 65% Fe pellets	2,796.62	2,418.99	15.6%		9,969.11	5,544.49	79.8%
Production from third party materials	29.88	60.51	-50.6%		403.15	350.86	14.9%
- 62% Fe pellets	0.00	0.00	-		5.96	92.14	-93.5%
- 65% Fe pellets	29.88	60.51	-50.6%		397.19	258.71	53.5%
Total pellet production	2,984.00	2,860.90	4.3%		11,661.60	11,021.30	5.8%
- 62% Fe pellets	157.50	381.40	-58.7%		1,295.30	5,218.10	-75.2%
- 65% Fe pellets	2,826.50	2,479.50	14.0%		10,366.30	5,803.20	78.6%

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
James Isola	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to 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 exporter of pellets from the CIS. In 2014, it produced a record 11 million tonnes of pellets, a 2% increase compared to 2013. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the Czech Republic, Germany and other European states, as well as in China, India, Japan, Taiwan and South Korea. 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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