Ferrexpo PLC Production for 1Q 2014 (2694E)
08 April 2014 - 8:00AM
UK Regulatory
TIDMFXPO
RNS Number : 2694E
Ferrexpo PLC
08 April 2014
8 April 2014
Ferrexpo plc.
Production for 1Q 2014
Summary
-- Pellet production, from own ore, up 9.2% to 2,714 kt in 1Q14 vs. 1Q13
-- Increased proportion of higher grade (65% Fe) pellets
produced, up by 320 kt, or 31%, in 1Q14 vs. 1Q13
Production in Tonnes '000 Q1 Q4 Change Q1 Q1 Change
2014 2013 % 2014 2013 %
Pellets from FPM ore 2,007.4 2,036.3 (1.4) 2,007.4 2,157.6 (7.0)
62%Fe 1,128.1 1,109.5 1.7 1,128.1 1,163.6 (3.1)
65% Fe 879.3 926.8 (5.1) 879.3 994.0 (11.5)
------------------------------------ ----------- ----------- ---------- ----------- ----------- ----------
Pellets from FYM ore 706.7 662.9 6.6 706.7 328.1 115.4
62% Fe 334.4 364.6 (8.3) 334.4 288.5 15.9
65% Fe 372.3 298.3 24.8 372.3 39.7 839.1
------------------------------------ ----------- ----------- ---------- ----------- ----------- ----------
Total Group production 2,714.1 2,699.3 0.6 2,714.1 2,485.7 9.2
62% Fe 1,462.5 1,474.1 (0.8) 1,462.5 1,452.1 0.7
65% Fe 1,251.6 1,225.1 2.2 1,251.6 1,033.6 21.1
------------------------------------ ----------- ----------- ---------- ----------- ----------- ----------
Pellets from third party materials 102.0 66.0 54.4 102.0 65.7 55.2
62% Fe 0.0 8.2 n/a 0.0 65.7 n/a
65% Fe 102.0 57.9 76.2 102.0 0.0 n/a
------------------------------------ ----------- ----------- ---------- ----------- ----------- ----------
Total Pellets Produced 2,816.1 2,765.3 1.8 2,816.1 2,551.4 10.4
62% Fe 1,462.5 1,482.3 (1.3) 1,462.5 1,517.8 (3.6)
65% Fe 1,353.6 1,283.0 5.5 1,353.6 1,033.6 31.0
------------------------------------ ----------- ----------- ---------- ----------- ----------- ----------
For further information, please contact:
Ferrexpo:
Rob Simmons +44 20 7389 8300
Maitland:
Peter Ogden +44 207 379 5151
Liz Morley +44 207 379 5151
Notes to Editors:
Ferrexpo plc ('Ferrexpo' or the 'Group') 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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