Production for 1Q 2016

RNS Number : 1201U

Ferrexpo PLC

05 April 2016

 

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Production for 1Q 2016

Summary:

·   1Q pellet production from own ore of 2.9 million tonnes, up 5.6% YOY (1Q 2015: 2.7 million tonnes)

·   1Q production of 65% Fe pellets from own ore of 2.8 million tonnes, up 20.2% YOY (1Q 2015:2.3 million tonnes)

·   Total 1Q 2016 pellet production of 2.9 million tonnes (total 1Q 2015: 2.9 million tonnes)

000' tonnes	1Q 2016	4Q 2015	Change		1Q 2016	1Q 2015	Change
Pellet production from own ore	2,875.17	2,954.12	-2.7%		2,875.17	2,723.23	5.6%
- 62% Fe pellets	123.80	157.50	-21.4%		123.80	433.40	-71.4%
- 65% Fe pellets	2,751.37	2,796.62	-1.6%		2,751.37	2,289.83	20.2%
Production from third party materials	11.53	29.88	-61.4%		11.53	162.07	-92.9%
- 62% Fe pellets	0.00	0.00			0.00	0.00
- 65% Fe pellets	11.53	29.88	-61.4%		11.53	162.07	-92.9%
Total Pellets Produced	2886.70	2984.00	-3.3%		2886.70	2885.30	0.0%
- 62% Fe pellets	123.80	157.50	-21.4%		123.80	433.40	-71.4%
- 65% Fe pellets	2,762.90	2,826.50	-2.3%		2,762.90	2,451.90	12.7%

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
James Isola	[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. The Group is currently the 3^rd largest exporter of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2015, it produced a record 11.7 million tonnes of pellets, a 6% increase compared to 2014. Ferrexpo has a diversified customer base supplying steel mills in Austria, Slovakia, the 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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