FXPO Ferrexpo Plc

TIDMFXPO

RNS Number : 1254X

Ferrexpo PLC

08 January 2014

8 January 2014

Ferrexpo plc.

Production for 4Q 2013

Summary

   --   Ferrexpo reports record production volumes in 2013 
   --   Total pellet production up 11.6% to 10.8 million tonnes (2012: 9.7 million tonnes) 
   --   Pellet production from own ore up 11.2% to 10.5 million tonnes (2012: 9.4 million tonnes) 
   --   Highest level of 65% Fe pellets produced in Company history 
 
 Production in                      Q4      Q3 2013   Change                        Change 
  tonnes '000                       2013 
========================  =====  ========  ======== 
                                                        %         FY        FY         % 
                                                                 2013       2012 
========================  =====  ========  ========  =======  =========  ========  ======== 
 Pellets from 
  FPM ore                         2,036.3   2,135.9    (4.7)    8,398.4   9,300.9     (9.7) 
               62% 
                Fe                1,109.5   1,089.0      1.9    4,418.6   5,183.3    (14.8) 
               65% 
                Fe                  926.8   1,046.9   (11.5)    3,979.8   4,117.5     (3.3) 
 ------------------------------  --------  --------  -------  ---------  --------  -------- 
 
 Pellets from 
  FYM ore                           662.9     545.5     21.5    2,067.2     107.8   1,817.5 
               62% 
                Fe                  364.6     321.8     13.3    1,322.1     107.8   1,126.3 
               65% 
                Fe                  298.3     223.7     33.4      745.2       0.0 
 ------------------------------  --------  --------  -------  ---------  --------  -------- 
 
 Pellet production 
  from own ore                    2,699.3   2,681.4      0.7   10,465.6   9,408.7      11.2 
               62% 
                Fe                1,474.1   1,410.8      4.5    5,740.6   5,291.1       8.5 
               65% 
                Fe                1,225.1   1,270.6    (3.6)    4,725.0   4,117.5      14.8 
 ------------------------------  --------  --------  -------  ---------  --------  -------- 
 
 Pellets from 
  third party materials              66.0     120.6   (45.2)      347.5     281.3      23.5 
               62% 
                Fe                    8.2      10.6   (22.9)       84.5     225.6    (62.6) 
               65% 
                Fe                   57.9     110.0   (47.4)      263.0      55.8     371.7 
 ------------------------------  --------  --------  -------  ---------  --------  -------- 
 
 Total pellet 
  production                      2,765.3   2,802.0    (1.3)   10,813.1   9,690.0      11.6 
-------------------------------  --------  --------  -------  ---------  --------  -------- 
               62% 
                Fe                1,482.3   1,421.4      4.3    5,825.1   5,516.7       5.6 
               65% 
                Fe                1,283.0   1,380.6    (7.1)    4,988.0   4,173.3      19.5 
 ------------------------------  --------  --------  -------  ---------  --------  -------- 
 

For further information, please contact:

 
 Ferrexpo: 
 Ingrid McMahon      +44 207 389 8304 
 
 Brunswick Group: 
 Carole Cable        +44 207 404 5959 
 Richard Meredith    +44 207 404 5959 
 

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 6(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

This information is provided by RNS

The company news service from the London Stock Exchange

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