Production for 1Q 2013

RNS Number : 8461B

Ferrexpo PLC

09 April 2013

 



9 April 2013

Ferrexpo plc

Production for 1Q 2013

Summary

·   Pellet production, from own ore, up 10.1% in 1Q13 vs. 1Q12

·   Ramp up of production from FYM ore, producing 328 kt of pellets

Production in Tonnes '000		Q1	Q4	Change		Q1	Q1	Change
		2013	2012	%		2013	2012	%
Production from FPM ore
Iron Ore		7,142.7	7,290.9	(2.0)		7142.7	7,545.6	(5.3)
Concentrate		2,770.1	2,980.2	(7.0)		2770.1	2,843.4	(2.6)
Pellets
62% Fe		1,163.6	1,407.9	(17.4)		1163.6	1,198.4	(2.9)
65% Fe		994.0	959.0	3.6		994.0	1,059.1	(6.1)
Total Pellets		2,157.6	2,366.9	(8.8)		2157.6	2,257.5	(4.4)
Production from FYM ore
Iron Ore		1,224.0	380.4	221.8		1,224.0	0.0	n/a
Concentrate		373.0	129.7	187.7		373.0	0.0	n/a
Pellets from FYM
62% Fe		288.5	107.8	167.6		288.5	0.0	n/a
65% Fe		39.7	0.0	n/a		39.7	0.0	n/a
Total pellets from FYM ore		328.1	107.8	204.3		328.1	0.0	n/a
Total Group production
62% Fe		1,452.1	1,515.7	(4.2)		1,452.1	1,198.4	21.2
65% Fe		1,033.6	959.0	7.8		1,033.6	1,059.1	(2.4)
Total Group production		2,485.7	2,474.7	0.4		2,485.7	2,257.5	10.1
Production from third party materials
Pellets
62% Fe		65.7	59.4	10.7		65.7	53.3	23.4
65% Fe		0.0	0.0	n/a		0.0	3.8	(100.0)
Total Pellets		65.7	59.4	10.7		65.7	57.1	15.1
Total Pellets Produced		2,551.4	2,534.1	0.7		2,551.4	2,314.6	10.2
62% Fe		1,517.8	1,575.1	(3.6)		1,517.8	1,251.7	21.3
65% Fe		1,033.6	959.0	7.8		1,033.6	1,062.9	(2.8)

Ferrexpo will announce audited 1Q 2013 financial results on 10 May 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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