Production for 2Q 2012

RNS Number : 2304H

Ferrexpo PLC

10 July 2012

 



10 July 2012

Ferrexpo plc

Production for 2Q 2012

Summary

·     H1 2012 pellet production from own ore 3.8% higher compared to 1H 2011.

·     Q2 2012 pellet production from own ore 2.1% higher compared to 1Q 2012.

·     H1 2012 total pellet production 4,724.9 thousand tonnes (H1 2011 4,784.9 tt). Reduction due to lower availability of third party concentrate.

·     Q2 2012 total pellet production increased by 4.1% compared to Q1 2012.

Production in tonnes '000	Q2  2012	Q1  2012	Change %	YTD 2012	YTD 2011	Change %
Production from own raw materials
Iron Ore	7,431.2	7,545.6	(1.5)	14,976.8	14,198.2	5.5
Concentrate	2,896.5	2,843.4	1.9	5,739.9	5,574.7	3.0
Pellets
62% Fe	1,230.8	1,198.4	2.7	2,429.3	2,254.8	7.7
65% Fe	1,074.6	1,059.1	1.5	2,133.6	2,139.4	(0.3)
Total Pellets	2,305.4	2,257.5	2.1	4,562.9	4,394.1	3.8
Production/reprocessing from purchased raw materials
Pellets
62% Fe	53.0	53.3	(0.5)	106.2	89.7	18.5
65% Fe	51.9	3.8	1,250.8	55.8	301.1	(81.5)
Total Pellets	104.9	57.1	83.7	162.0	390.8	(58.5)
Total Pellets Produced	2,410.3	2,314.6	4.1	4,724.9	4,784.9	(1.3)
62% Fe	1,283.8	1,251.7	2.6	2,535.5	2,344.4	8.2
65% Fe	1,126.5	1,062.9	6.0	2,189.4	2,440.5	(10.3)

For further information, please contact:

Ferrexpo: Emma Villiers	[phone]
Pelham Bell Pottinger: Charles Vivian Lorna Spears	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It is principally involved in the production and export of high quality iron ore pellets, which are used in the manufacture of steel. Ferrexpo's resource base is one of the largest iron ore deposits in the world. Its current producing asset, FPM, produced approximately 10 million tonnes of iron ore pellets in 2010 making it the largest exporter of pellets in the CIS. The Company has a diversified customer base supplying steel mills in Austria, Serbia, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, and other 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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