Pellet production 2Q 2016

RNS Number : 1983D

Ferrexpo PLC

05 July 2016

 

Ferrexpo plc

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

Pellet production 2Q 2016

Summary:

·   1H 2016 pellet production from own ore up 3.6% to 5.7 million tonnes (1H 2015: 5.5 million tonnes)

·   1H 2016 production of 65% Fe pellets from own ore, up 12.3% to 5.3 million tonnes (1H 2015:4.8 million tonnes)

·   65% Fe premium pellets 94% of total production volume in 1H 2016 (1H 2015: 87% of total production volume)

·   Total 1H 2016 pellet production 5.7 million tonnes (total 1H 2015: 5.8 million tonnes)

000' tonnes	2Q 2016	1Q 2016	% change	1H 2016	1H 2015	% change
Pellet production from own ore	2,824.93	2,875.17	-1.7	5,700.10	5,503.93	3.6
- 62% Fe pellets	240.10	123.80	93.9	363.90	750.44	-51.5
- 65% Fe pellets	2,584.83	2,751.37	-6.1	5,336.20	4,753.49	12.3
Production from third party materials	11.67	11.53	1.3	23.20	312.77	-92.6
- 62% Fe pellets	0.00	0.00		0.00	5.96	-100.0
- 65% Fe pellets	11.67	11.53	1.3	23.20	306.81	-92.4
Total Pellets Produced	2,836.60	2,886.70	-1.7	5,723.30	5,816.70	-1.6
- 62% Fe pellets	240.10	123.80	93.9	363.90	756.40	-51.9
- 65% Fe pellets	2,596.50	2,762.90	-6.0	5,359.40	5,060.30	5.9

For further information contact:

Ferrexpo:

Investor Relations and Corporate Communications

Ingrid McMahon

[phone]

Maitland PR:

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 currently the 3^rd largest exporter of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2015, it produced a record 11.7 million tonnes of pellets, a 6% increase compared to 2014. 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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