FXPO Ferrexpo Plc

TIDMFXPO

RNS Number : 7251B

Ferrexpo PLC

06 April 2017

6 April 2017

Ferrexpo plc

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

Production for 1Q 2017

Summary:

   --   Total 1Q 2017 pellet production of 2,624 thousand tonnes (1Q 2016: 2,887 thousand tonnes) 

-- Lower production reflected scheduled pellet line maintenance in January and February as well as a 55 day pellet line refurbishment which commenced on 20 March

 
 000' tonnes                  Q1         Q4      Change      Q1         Q1      Change 
                             2017       2016 
                          =========  ========= 
                                                   %        2017       2016       % 
                          =========  =========  =======  =========  =========  ======= 
 Pellet production from 
  own ore                  2,612.41   2,767.11     -5.6   2,612.41   2,875.17     -9.1 
  - 62% Fe FBP               151.60     153.50     -1.2     151.60     123.80     22.5 
  - 65% Fe FPP (incl. 
   FPP+)                   2,460.81   2,613.61     -5.8   2,460.81   2,751.37    -10.6 
 
 Production from third 
  party materials             11.59     105.99    -89.1      11.59      11.53      0.5 
  - 62% Fe FBP                 0.00       0.00        -       0.00       0.00        - 
  - 65% Fe FPP (incl. 
   FPP+)                      11.59     105.99    -89.1      11.59      11.53      0.5 
 
 Total Pellets Produced    2,624.00   2,873.10     -8.7   2,624.00   2,886.70     -9.1 
------------------------  ---------  ---------  -------  ---------  ---------  ------- 
  - 62% Fe FBP               151.60     153.50     -1.2     151.60     123.80     22.5 
  - 65% Fe FPP (incl. 
   FPP+)                   2,472.40   2,719.60     -9.1   2,472.40   2,762.90    -10.5 
------------------------  ---------  ---------  -------  ---------  ---------  ------- 
 

Note: Ferrexpo Basic Pellets (FBP), Ferrexpo Premium Pellets (FPP) and Ferrexpo Premium Pellets plus (FPP+).

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 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is currently the 3rd largest exporter of pellets to the global steel industry and the largest exporter of pellets from the Former Soviet Union. In 2016, it produced 11.2 million tonnes of pellets reflecting a 2% increase in production of the Group's highest quality pellets to a record 10.5 million tonnes. 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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