Production for 4Q 2012

RNS Number : 9544U

Ferrexpo PLC

08 January 2013

 



8 January 2013

Ferrexpo plc

Production for 4Q 2012

Summary

·   2012 pellet production from own ore up 2.6%, compared to 2011, at 9.3 million tonnes

·   Average pellet Fe content, from own ore, 63.42% in 2012 in line with 2011 (63.50%)

·   Pellet production, from own ore, of 876 thousand tonnes in December 2012

·   2012 total pellet production was 9.7 million tonnes compared to 9.8 million tonnes in 2011

·   2012 reduction in total output due to lower purchases of third party concentrate

Production in Tonnes '000		4Q	3Q	Change	FY	FY	Change
		2012	2012	%	2012	2011	%
Production from own raw materials
Iron Ore		7,290.9	7,492.8	(2.7)	29,760.5	29,637.0	0.4
Concentrate		2,980.2	2,979.8	0.0	11,699.9	11,486.9	1.9
Pellets
62% Fe		1,407.9	1,346.1	4.6	5,183.3	4,807.4	7.8
65% Fe		959.0	1,024.9	(6.4)	4,117.5	4,256.0	(3.3)
Total Pellets		2,366.9	2,371.0	(0.2)	9,300.9	9,063.4	2.6
Production/reprocessing from supplied raw materials
Pellets
62% Fe		167.2	60.0	178.8	333.4	204.5	63.0
65% Fe		0.0	0.0		55.8	542.8	(89.7)
Total Pellets		167.2	60.0	178.8	389.1	747.3	(47.9)
Total Pellets Produced		2,534.1	2,431.0	4.2	9,690.0	9,810.7	(1.2)
62% Fe		1,575.1	1,406.1	12.0	5,516.7	5,011.9	10.1
65% Fe		959.0	1,024.9	(6.4)	4,173.3	4,798.8	(13.0)

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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