Production for 2Q 2014

RNS Number : 6125L

Ferrexpo PLC

07 July 2014

 



7 July 2014

Ferrexpo plc

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

Production for 2Q 2014

Summary

·   Successfully completed a scheduled refurbishment of pellet line number 3 in 2Q 2014, in a record six week period

·   Pellet production, from own ore, up 2.5% to 5.2 million tonnes in 1H 2014 vs. 1H 2013

·   Production of higher grade 65% Fe pellets, from own ore, up 10.8% to 2.5 million tonnes in 1H 2014 vs. 1H 2013

·   Remain on track to achieve an annualized production rate of 12 million tonnes per annum in 2H 2014

Production in tonnes '000			Q2 2014	Q1  2014	Change	1H	1H	Change
					%	2014	2013	%
Pellets from FPM ore			1,651.5	2,007.4	(17.7)	3,659.0	4,226.1	(13.4)
	62% Fe		865.8	1,128.1	(23.3)	1,994.0	2,220.1	(10.2)
	65% Fe		785.7	879.3	(10.6)	1,665.0	2,006.1	(17.0)
Pellets from FYM ore			847.2	706.7	19.9	1,553.9	858.8	80.9
	62% Fe		413.6	334.4	23.7	747.9	635.6	17.7
	65% Fe		433.7	372.3	16.5	806.0	223.1	261.2
Pellet production from own ore			2,498.7	2,714.1	(7.9)	5,212.9	5,084.9	2.5
	62% Fe		1,279.4	1,462.5	(12.5)	2,741.9	2,855.7	(4.0)
	65% Fe		1,219.3	1,251.6	(2.6)	2,471.0	2,229.2	10.8
Pellets from third party materials			53.8	102.0	(47.3)	155.7	160.9	(3.2)
	62% Fe		0.0	0.0	0.0	0.0	65.7	(100.0)
	65% Fe		53.8	102.0	(47.3)	155.7	95.2	63.6
Total pellet production			2,552.5	2,816.1	(9.4)	5,368.6	5,245.8	2.3
	62% Fe		1,279.4	1,462.5	(12.5)	2,741.9	2,921.4	(6.1)
	65% Fe		1,273.1	1,353.6	(5.9)	2,626.7	2,324.4	13.0

For further information, please contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:	[phone]
Peter Ogden
Liz Morley James Isola

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 the 5^th largest supplier of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2013, it produced 10.8 million tonnes of pellets, a 12% increase compared to 2012. 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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