Production for 2Q 2011 (8278J)

TIDMFXPO

RNS Number : 8278J

Ferrexpo PLC

06 July 2011

6 July 2011

Ferrexpo plc

Production for 2Q 2011

Summary

-- Q2 Pellet production from own ore increased 6.9% versus 1Q 2011

-- Q2 pellet production, including third party concentrate, increased 7.8% compared to 1Q 2011

-- YTD production of higher grade pellets from own ore increased 4.0%

 
 Production 
  in Tonnes 
  '000              Q2 2011   Q1 2011   Change    Q2 2010   Change      YTD       YTD     Change 
=============      ========  ========            ======== 
                                          %                   %        2011      2010       % 
 ================  ========  ========  =======   ========  =======   ========  ========  ======= 
 Production from own 
  raw materials 
 Iron Ore           7,182.0   7,016.2    2.4      6,989.7    2.8      14198.2   14202.6   (0.0) 
 Concentrate        2,865.4   2,709.3    5.8      2,814.7    1.8      5574.7    5509.6     1.2 
 Pellets 
      62% Fe        1,217.3   1,037.5    17.3     1,212.1    0.4      2254.8    2384.2    (5.4) 
      65% Fe        1,053.3   1,086.1   (3.0)     1,066.8   (1.3)     2139.4    2057.0     4.0 
                   --------  --------  -------   --------  -------   --------  --------  ------- 
 Total Pellets      2,270.5   2,123.6    6.9      2,278.9   (0.4)     4394.1    4441.2    (1.1) 
 
 Production/reprocessing 
  from purchased raw materials 
 Pellets 
      62% Fe           56.2      33.5    67.6        43.0    30.6      89.7      90.7     (1.2) 
      65% Fe          155.1     146.0    6.2        224.3   (30.8)     301.1     353.9    (14.9) 
                   --------  --------  -------   --------  -------   --------  --------  ------- 
 Total Pellets        211.3     179.5    17.7       267.3   (21.0)     390.8     444.6    (12.1) 
 
 
 Total Pellets 
  Produced          2,481.8   2,303.1    7.8      2,546.2   (2.5)     4784.9    4885.8    (2.1) 
-----------------  --------  --------  -------   --------  -------   --------  --------  ------- 
      62% Fe        1,273.4   1,071.0    18.9     1,255.1    1.5      2344.4    2474.9    (5.3) 
      65% Fe        1,208.4   1,232.1   (1.9)     1,291.1   (6.4)     2440.5    2410.9     1.2

Ferrexpo will announce its interim results for the six months ended 30 June 2011 on 3 August 2011.

For further information, please contact:

 
 Ferrexpo: 
  Ingrid McMahon                       +44 207 389 8304 
 Pelham Bell Pottinger: 
  Charles Vivian 
  James MacFarlane                     +44 207 861 3232 
 Ferrexpo Poltava Mining (Ukraine): 
  Alexander Dovgalev                   +38 053 4874390

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It is principally involved in the production and export of high quality iron ore pellets, which are used in the manufacture of steel. Ferrexpo's resource base is one of the largest iron ore deposits in the world. Its current producing asset, FPM, produced approximately 10 million tonnes of iron ore pellets in 2010 making it the largest exporter of pellets in the CIS. The Company has a diversified customer base supplying steel mills in Austria, Serbia, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, and other Asian countries. 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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