Ferrexpo PLC Production for 3Q 2017 (7261S)

TIDMFXPO

RNS Number : 7261S

Ferrexpo PLC

05 October 2017

5 October 2017

Ferrexpo plc

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

Production for 3Q 2017

Summary:

   --   9M 2017 pellet production of 7,653 thousand tonnes (9M 2016: 8,328 thousand tonnes) 
   --   Lower pellet production reflects the Group's ongoing pellet line maintenance programme 
 
                              Q3 
 000' tonnes                 2017     Q2 2017    Change      9M         9M      Change 
                          =========  ========= 
                                                   %        2017       2016       % 
                          =========  =========  =======  =========  =========  ======= 
 Pellet production 
  from own ore             2,492.70   2,526.14     -1.3   7,631.26   8,304.30     -8.1 
  - 62% Fe FBP               156.60     106.30     47.3     414.50     512.10    -19.1 
  - 65% Fe FPP (incl. 
   FPP+)                   2,336.10   2,419.84     -3.5   7,216.76   7,792.20     -7.4 
 
 Production from third 
  party materials              0.00       9.96      n/a      21.55      23.20     -7.1 
  - 62% Fe pellets             0.00       0.00        -       0.00       0.00        - 
  - 65% Fe pellets             0.00       9.96      n/a      21.55      23.20     -7.1 
 
 Total pellets produced    2,492.70   2,536.10     -1.7   7,652.80   8,327.50     -8.1 
------------------------  ---------  ---------  -------  ---------  ---------  ------- 
  - 62% Fe FBP               156.60     106.30     47.3     414.50     512.10    -19.1 
  - 65% Fe FPP (incl. 
   FPP+)                   2,336.10   2,429.80     -3.9   7,238.30   7,815.40     -7.4 
 of which % of FPP 
  (incl. FPP+)                  94%        96%     -2.2        95%        94%      0.8 
------------------------  ---------  ---------  -------  ---------  ---------  ------- 
 

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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October 05, 2017 02:00 ET (06:00 GMT)