FXPO Ferrexpo Plc

TIDMFXPO

RNS Number : 0550L

Ferrexpo PLC

07 January 2016

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Production for 4Q 2015

Summary:

   --   Record pellet production of 11.7 mt in 2015, up 5.8% (2014: 11.0 mt) 

-- Record annual production of 65% Fe pellets of 10.4 mt, up 78% (2014: 65% Fe pellet production 5.8mt)

-- Record quarterly pellet production of 2.9 mt, 4.3% higher than 3Q 2015, of which 95% were 65% Fe pellets (3Q: 87% 2015)

 
 
 Pellet production 
  (000' tonnes)             4Q 2015    3Q 2015    Change     2015        2014      Change 
                           =========  =========  =======  ==========  ==========  ======= 
 Pellet production 
  from own ore              2,954.12   2,800.39     5.5%   11,258.45   10,670.45     5.5% 
  - 62% Fe pellets            157.50     381.40   -58.7%    1,289.34    5,125.96   -74.8% 
  - 65% Fe pellets          2,796.62   2,418.99    15.6%    9,969.11    5,544.49    79.8% 
 
 Production from 
  third party materials        29.88      60.51   -50.6%      403.15      350.86    14.9% 
  - 62% Fe pellets              0.00       0.00        -        5.96       92.14   -93.5% 
  - 65% Fe pellets             29.88      60.51   -50.6%      397.19      258.71    53.5% 
 
 Total pellet production    2,984.00   2,860.90     4.3%   11,661.60   11,021.30     5.8% 
-------------------------  ---------  ---------  -------  ----------  ----------  ------- 
  - 62% Fe pellets            157.50     381.40   -58.7%    1,295.30    5,218.10   -75.2% 
  - 65% Fe pellets          2,826.50   2,479.50    14.0%   10,366.30    5,803.20    78.6% 
 

For further information contact:

 
 Ferrexpo: 
 Ingrid McMahon    +44 207 389 8304 
 Maitland: 
 James Isola       +44 207 379 5151 
 
 

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 4th largest supplier of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2014, it produced a record 11 million tonnes of pellets, a 2% increase compared to 2013. 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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January 07, 2016 02:00 ET (07:00 GMT)

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