Ferrexpo PLC Production for 2Q 2017 (2463K)

TIDMFXPO

RNS Number : 2463K

Ferrexpo PLC

06 July 2017

6 July 2017

Ferrexpo plc

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

Production for 2Q 2017

Summary:

   --   1H 2017 pellet production of 5,160 thousand tonnes (1H 2016: 5,723 thousand tonnes) 

-- Lower pellet production in 1H 2017 vs. 1H 2016 reflected a planned 55 day pellet line refurbishment

 
                             Q2        Q1 
 000' tonnes                 2017      2017    Change     1H        1H      Change 
                          ========  ======== 
                                                 %       2017      2016       % 
                          ========  ========  =======  ========  ========  ======= 
 Pellet production 
  from own ore             2,526.1   2,612.4     -3.3   5,138.6   5,700.1     -9.9 
  - 62% Fe FBP               106.3     151.6    -29.9     257.9     363.9    -29.1 
  - 65% Fe FPP (incl. 
   FPP+)                   2,419.8   2,460.8     -1.7   4,880.7   5,336.2     -8.5 
 
 Production from third 
  party materials             10.0      11.6    -14.1      21.6      23.2     -7.1 
  - 62% Fe FBP                0.00      0.00        -      0.00       0.0        - 
  - 65% Fe FPP (incl. 
   FPP+)                      10.0      11.6    -14.1      21.6      23.2     -7.1 
 
 Total Pellets Produced    2,536.1   2,624.0     -3.3   5,160.1   5,723.3     -9.8 
------------------------  --------  --------  -------  --------  --------  ------- 
  - 62% Fe FBP               106.3     151.6    -29.9     257.9     363.9    -29.1 
  - 65% Fe FPP (incl. 
   FPP+)                   2,429.8   2,472.4     -1.7   4,902.2   5,359.4     -8.5 
 of which % of FPP 
  (incl. FPP+)                 96%       94%      1.7       95%       94%      1.5 
------------------------  --------  --------  -------  --------  --------  ------- 
 

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

For further information contact:

 
 Ferrexpo: 
 Ingrid McMahon    [phone] 
 Maitland: 
 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 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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July 06, 2017 02:00 ET (06:00 GMT)