Quarterly Production Report


 

TIDMFXPO 
 
RNS Number : 6019F 
Ferrexpo PLC 
15 January 2010 
 

15 January 2010 
 
 
 
 
Production Report for Q4 2009 
 
 
Ferrexpo plc ("Ferrexpo" or the "Group") today issues its production report for 
the fourth quarter of 2009. 
 
 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Tonnes '000    |   Q4    |   Q3    | Change |  |   Q4    | Change |  |    YTD    |    YTD    | Change | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
|                |  2009   |  2009   |   %    |  |  2008   |   %    |  |   2009    |   2008    |   %    | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Production from own raw materials                                                                     | 
+-------------------------------------------------------------------------------------------------------+ 
| Iron Ore       |7,660.5  |7,193.3  |  6.5   |  |6,162.3  | 24.3   |  |28,547.3   |27,762.2   |  2.8   | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Concentrate    |2,800.1  |2,774.0  |  0.9   |  |2,246.1  | 24.7   |  |10,564.6   |10,458.8   |  1.0   | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Pellets        |         |         |        |  |         |        |  |           |           |        | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
|    62% Fe      |1,054.6  |1,130.2  | (6.7)  |  |  815.4  | 29.3   |  | 4,305.1   | 4,593.5   | (6.3)  | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
|    65% Fe      |1,183.2  |1,117.5  |  5.9   |  |1,022.7  | 15.7   |  | 4,304.1   | 4,014.0   |  7.2   | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Pellets Total  |2,237.8  |2,247.7  | (0.4)  |  |1,838.1  | 21.7   |  | 8,609.2   | 8,607.5   |  0.0   | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
|                |         |         |        |  |         |        |  |           |           |        | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Production from purchased raw materials / tolling                                                     | 
+-------------------------------------------------------------------------------------------------------+ 
| Pellets        |         |         |        |  |         |        |  |           |           |        | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
|    62% Fe      |  111.6  |  30.8   |262.3   |  |  95.6   | 16.7   |  |  157.4    |  427.6    |(63.2)  | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
|    65% Fe      |    -    |    -    |  -     |  |    -    |  -     |  |    -      |    -      |  -     | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Pellets Total  |  111.6  |  30.8   |262.3   |  |  95.6   | 16.7   |  |  157.4    |  427.6    |(63.2)  | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
|                |         |         |        |  |         |        |  |           |           |        | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
| Pellets Grand  |2,349.4  |2,278.5  |  3.1   |  |1,933.7  | 21.5   |  | 8,766.6   | 9,035.1   | (3.0)  | 
| Total          |         |         |        |  |         |        |  |           |           |        | 
+----------------+---------+---------+--------+--+---------+--------+--+-----------+-----------+--------+ 
 
 
Highlights 
 
 
  *  Strongest quarter in 2009 
  *  Pellet production from own raw materials rose by 21.7% in Q4 2009 compared to 
  the same quarter last year 
  *  Ferrexpo continued to produce at full capacity throughout Q4 2009, the third 
  consecutive quarter 
  *  Higher grade 65% Fe pellet output increased by 5.9% over the quarter, and by 
  7.2% over the full year 
  *  Pellet production from purchased concentrate increased in Q4 but still remains a 
  small proportion of total production 
  *  Sales volumes in 2009 exceeded both 2009 production and 2008 sales 
  *  Approximately 86% of sales in Q4 were made to existing portfolio of long term 
  contract customers, with the majority of the balance to strategic customer 
  trials in Japan, Western Europe and India 
  *  Average achieved DAF/FOB prices in Q4 broadly in line with Vale pellet 
  settlements after adjustments for freight and quality 
  *  Ferrexpo traded profitably throughout 2009 
 
 
 
 
 
Kostyantin Zhevago, Ferrexpo CEO, said: 
 
 
"Ferrexpo performed strongly in the fourth quarter, with high levels of 
production complemented by a return to contract-based sales and the associated 
higher margins and improved demand visibility. The slow but steady recovery in 
European steel markets and the quality of our customer relationships are 
highlighted by the fact that we have been able to switch our sales back to our 
portfolio of long term contract customers, which has enabled the Group to finish 
a challenging year on a high note." 
 
 
 
 
Next Update 
 
 
Ferrexpo will release its 2009 full year Preliminary Results on 23 March 2010. 
 
 
 
 
For further information, please contact: 
 
 
Ferrexpo:                   +44 207 389 8304 
 
 
Gavin Mackay 
 
 
Pelham PR                +44 207 337 1538 
 
 
Charlie Vivian 
 
 
Notes to Editors: 
 
 
Ferrexpo is a Swiss headquartered resources Group with assets in Ukraine, 
principally involved in the production and export of iron ore pellets, used in 
producing steel. Current output is over 9 million tonnes per annum, most of 
which is exported to steelmakers around the world. The Group 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 
   END 
 
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