Production for 4Q 2011

RNS Number : 4193V

Ferrexpo PLC

12 January 2012

 



12 January 2012

Ferrexpo plc

Production for 4Q 2011

Summary

·     Total pellet production in 4Q 2011 was 3.3% higher than 3Q 2011

·     Pellet production from own ore in 2011 continued at full capacity, in-line with 2010

·     Production of higher grade 65% Fe pellets, from own ore, increased 4.8% in 2011 compared to 2010

·     Production of pellets from third party concentrate is dependent on availability in local markets

Production in Tonnes '000			Q4  2011	Q3  2011	Change		Q4  2010	Change				Change
					%			%		2011	2010	%
Production from own raw materials
Iron Ore		7,941.5		7,497.3	5.9		7,340.7	8.2		29,637.0	28,929.8	2.4
Concentrate		2,962.4		2,949.8	0.4		2,842.6	4.2		11,486.9	11,225.5	2.3
Pellets
62% Fe		1,294.4		1,258.3	2.9		1,246.0	3.9		4,807.4	4,972.3	(3.3)
65% Fe		1,041.4		1,075.3	(3.2)		1,046.1	(0.5)		4,256.0	4,060.7	4.8
Total Pellets		2,335.7		2,333.6	0.1		2,292.1	1.9		9,063.4	9,033.0	0.3
Production/reprocessing from purchased raw materials
Pellets
62% Fe		50.5		64.4	(21.5)		47.3	6.8		204.5	180.2	13.5
65% Fe		167.6		74.0	126.5		246.4	(32.0)		542.8	817.9	(33.6)
Total Pellets		218.2		138.4	57.7		293.7	(25.7)		747.3	998.1	(25.1)
Total Pellets Produced		2,553.9		2,471.9	3.3		2,585.8	(1.2)		9,810.7	10,031.1	(2.2)
62% Fe		1,344.9		1,322.6	1.7		1,293.3	4.0		5011.9	5,152.5	(2.7)
65% Fe		1,209.0		1,149.3	5.2		1,292.5	(6.5)		4,798.8	4,878.6	(1.6)

For further information, please contact:

Ferrexpo: Ingrid McMahon	[phone]
Pelham Bell Pottinger: Mark Antelme James MacFarlane	[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 2010 making it the largest exporter of pellets in the CIS. The Company has a diversified customer base supplying steel mills in Austria, Serbia, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, and other Asian countries. 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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