Production for 3Q 2012

RNS Number : 2803O

Ferrexpo PLC

10 October 2012

 



10 October 2012

Ferrexpo plc

Production for 3Q 2012

Summary

·     Pellet production from own ore up 2.8% in 3Q 2012 compared to 2Q 2012

·     Approximately 1 million tonnes of concentrate production per month in August and September 2012

·     YTD pellet production from own ore up 3.1% compared to the same period in 2011

·     YTD total pellet production 7,156 kt compared to 7,257 kt for the same period in 2011  

·     Reduction in total output due to lower purchases of third party concentrate

Production in Tonnes '000		Q3	Q2	Change		YTD	YTD	Change
		2012	2012	%		2012	2011	%
Production from own raw materials
Iron Ore		7,492.8	7,431.2	0.8		22,469.6	21,695.5	3.6
Concentrate		2,979.8	2,896.5	2.9		8,719.7	8,524.5	2.3
Pellets
62% Fe		1,346.1	1,230.8	9.4		3,775.4	3,513.0	7.5
65% Fe		1,024.9	1,074.6	(4.6)		3,158.5	3,214.7	(1.7)
Total Pellets		2,371.0	2,305.4	2.8		6,933.9	6,727.7	3.1
Production/reprocessing from purchased raw materials
Pellets
62% Fe		60.0	53.0	13.2		166.2	154.0	7.9
65% Fe		0.0	51.9	(100.0)		55.8	375.1	(85.1)
Total Pellets		60.0	104.9	(42.8)		222.0	529.1	(58.0)
Total Pellets Produced		2,431.0	2,410.3	0.9		7,155.9	7,256.8	(1.4)
62% Fe		1,406.1	1,283.8	9.5		3,941.6	3,667.0	7.5
65% Fe		1,024.9	1,126.5	(9.0)		3,214.3	3,589.8	(10.5)

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 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 2011 making it the largest exporter of pellets in the CIS. The Company 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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