Production for 2Q 2013

RNS Number : 8040I

Ferrexpo PLC

09 July 2013

 



9 July 2013

Ferrexpo plc

Production for 2Q 2013

Summary

·   Group pellet production, from own ore, up 11.4% in 1H13 vs. 1H12

·   Ramp up of production from FYM ore resulted in 859 thousand tonnes of pellets in 1H13

Production in tonnes '000	Q2  2013	Q1  2013	Change		1H	1H	Change
			%		2013	2012	%
Production from FPM ore
Iron ore	8,670.0	7,142.7	21.4		15,812.6	14,976.8	5.6
Concentrate	2,643.1	2,770.1	(4.6)		5,413.2	5,739.9	(5.7)
Pellets
62% Fe	1,056.4	1,163.6	(9.2)		2,220.1	2,429.3	(8.6)
65% Fe	1,012.1	994.0	1.8		2,006.1	2,133.6	(6.0)
Total FPM pellets	2,068.5	2,157.6	(4.1)		4,226.1	4,562.9	(7.4)
Production from FYM ore
Iron ore	1,742.6	1,224.0	42.4		2,966.6	0.0	n/a
Concentrate	651.5	373.0	74.7		1,024.5	0.0	n/a
Pellets
62% Fe	347.2	288.5	20.4		635.6	0.0	n/a
65% Fe	183.5	39.7	362.8		223.1	0.0	n/a
Total FYM pellets	530.7	328.1	61.7		858.8	0.0	n/a
Total Group
62% Fe	1,403.6	1,452.1	(3.3)		2,855.7	2,429.3	17.6
65% Fe	1,195.6	1,033.6	15.7		2,229.2	2,133.6	4.5
Total Group pellets	2,599.2	2,485.7	4.6		5,084.9	4,562.9	11.4
Production from third party materials
62% Fe	0.0	65.7	(100.0)		65.7	106.2	(38.2)
65% Fe	95.2	0.0	n/a		95.2	55.8	70.8
Total third party pellets	95.2	65.7	44.9		160.9	162.0	(0.7)
Total pellets produced	2,694.4	2,551.4	5.6		5,245.8	4,724.9	11.0
62% Fe	1,403.6	1,517.8	(7.5)		2,921.4	2,535.5	15.2
65% Fe	1,290.8	1,033.6	24.9		2,324.4	2,189.4	6.2

Ferrexpo will announce its results for the six months to 30 June 2013 on 7 August 2013.

For further information, please contact:

Ferrexpo: Ingrid McMahon	[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 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. In 2012, the subsidiary, Ferrexpo Poltava Mining (FPM), produced 9.3 million tonnes of iron ore pellets, while first ore was reached at the new Ferrexpo Yeristovo Mining (FYM) open pit. Ferrexpo was the largest exporter of pellets in the CIS in 2012. The Group has a diversified customer base supplying steel mills in Austria, Slovakia, 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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