Ferrexpo PLC Production for 2Q 2014 (6125L)
07 Juli 2014 - 12:55PM
UK Regulatory
TIDMFXPO
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 +44 207 389 8304
Maitland: +44 207 379 5151
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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