Production for 1Q 2014

RNS Number : 2694E

Ferrexpo PLC

08 April 2014

 



8 April 2014

Ferrexpo plc.

Production for 1Q 2014

Summary

·   Pellet production, from own ore, up 9.2% to 2,714 kt in 1Q14 vs. 1Q13

·   Increased proportion of higher grade (65% Fe) pellets produced, up by 320 kt, or 31%, in 1Q14 vs. 1Q13

Production in Tonnes '000	Q1 2014	Q4 2013	Change %	Q1 2014	Q1 2013	Change %
Pellets from FPM ore	2,007.4	2,036.3	(1.4)	2,007.4	2,157.6	(7.0)
62%Fe	1,128.1	1,109.5	1.7	1,128.1	1,163.6	(3.1)
65% Fe	879.3	926.8	(5.1)	879.3	994.0	(11.5)
Pellets from FYM ore	706.7	662.9	6.6	706.7	328.1	115.4
62% Fe	334.4	364.6	(8.3)	334.4	288.5	15.9
65% Fe	372.3	298.3	24.8	372.3	39.7	839.1
Total Group production	2,714.1	2,699.3	0.6	2,714.1	2,485.7	9.2
62% Fe	1,462.5	1,474.1	(0.8)	1,462.5	1,452.1	0.7
65% Fe	1,251.6	1,225.1	2.2	1,251.6	1,033.6	21.1
Pellets from third party materials	102.0	66.0	54.4	102.0	65.7	55.2
62% Fe	0.0	8.2	n/a	0.0	65.7	n/a
65% Fe	102.0	57.9	76.2	102.0	0.0	n/a
Total Pellets Produced	2,816.1	2,765.3	1.8	2,816.1	2,551.4	10.4
62% Fe	1,462.5	1,482.3	(1.3)	1,462.5	1,517.8	(3.6)
65% Fe	1,353.6	1,283.0	5.5	1,353.6	1,033.6	31.0

For further information, please contact:

Ferrexpo: Rob Simmons	[phone]
Maitland: Peter Ogden Liz Morley	[phone] [phone]

Notes to Editors:

Ferrexpo plc ('Ferrexpo' or the 'Group') 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 5^th largest supplier of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2013, it produced 10.8 million tonnes of pellets, a 12% increase compared to 2012. 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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