Ferrexpo: 3.2 Million Tons Of Pellets Produced To April 30
27 Mai 2010 - 8:52AM
Dow Jones News
Ferrexpo PLC (FXPO.LN) said ahead of its Annual General Meeting
later Thursday that sales demand, in the year to date, has been
very strong.
MAIN FACTS:
-Over 90% of sales have been based on long term volume framework
agreements
-Significant provisional average DAF/FOB pellet price
increases
-Average C1 cash cost to April 30 $38.84/ton
-Has already or expects to secure significant average DAF/FOB
price increases inline with international pricing for all of its
production.
-Maintained own ore production at full capacity.
-Pellet production, including third party concentrate, to April
30 was 3.2 million tons, a 20.3% increase over prior year
levels.
-2.9 million tons was produced from own ore, a 10.4% increase
over the previous period.
-The split of production between 62% Fe and 65% Fe was 51.5% and
48.5% respectively, for this period.
-Board anticipates ongoing improvements in operating efficiency,
notwithstanding higher cost pressures.
-Shares closed Wednesday at 236.4 pence.
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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