Ferrexpo PLC 3Q production report (6852L)

TIDMFXPO

RNS Number : 6852L

Ferrexpo PLC

05 October 2016

Ferrexpo plc

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

Pellet production 3Q 2016

Summary:

-- 9M 2016 production of 65% Fe pellets up 3.7% to 7.8 million tonnes (9M 2015: 7.5 million tonnes)

-- 65% Fe premium pellets 94% of total production volumes (9M 2015: 87% of total production volume)

   --   9M 2016 pellet production 8.3 million tonnes (9M 2015: 8.7 million tonnes) 
 
 000' tonnes                    Q3 2016    Q2 2016      %       9 2016     9 2015      % 
                               ---------  ---------           ---------  --------- 
                                                      Change                         Change 
                               ---------  ---------  -------  ---------  ---------  ------- 
 Pellet production from own 
  ore                           2,604.21   2,824.93     -7.8   8,304.30   8,304.32      0.0 
  - 62% Fe pellets                148.20     240.10    -38.3     512.10   1,131.84    -54.8 
  - 65% Fe pellets              2,456.01   2,584.83     -5.0   7,792.20   7,172.48      8.6 
 
 Production from third party 
  materials                         0.00      11.67        -      23.20     373.28    -93.8 
  - 62% Fe pellets                  0.00       0.00        -       0.00       5.96        - 
  - 65% Fe pellets                  0.00      11.67        -      23.20     367.32    -93.7 
 
 Total Pellets Produced         2,604.21   2,836.60     -8.2   8,327.50   8,677.60     -4.0 
                               ---------  ---------  -------  ---------  --------- 
  - 62% Fe pellets                148.20     240.10    -38.3     512.10   1,137.80    -55.0 
  - 65% Fe pellets              2,456.01   2,596.50     -5.4   7,815.40   7,539.80      3.7 
-----------------------------  ---------  ---------  -------  ---------  ---------  ------- 
 

For further information contact:

Ferrexpo:

Investor Relations and Corporate Communications

 
 Ingrid McMahon    [phone] 
 

Maitland PR:

 
 James Isola    [phone] 
 

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 currently the 3(rd) largest exporter of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2015, it produced a record 11.7 million tonnes of pellets, a 6% increase compared to 2014. 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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October 05, 2016 02:00 ET (06:00 GMT)