Ferrexpo PLC Production for 4Q 2012 (9544U)

TIDMFXPO

RNS Number : 9544U

Ferrexpo PLC

08 January 2013

8 January 2013

Ferrexpo plc

Production for 4Q 2012

Summary

   --   2012 pellet production from own ore up 2.6%, compared to 2011, at 9.3 million tonnes 
   --   Average pellet Fe content, from own ore, 63.42% in 2012 in line with 2011 (63.50%) 
   --   Pellet production, from own ore, of 876 thousand tonnes in December 2012 
   --   2012 total pellet production was 9.7 million tonnes compared to 9.8 million tonnes in 2011 
   --   2012 reduction in total output due to lower purchases of third party concentrate 
 
 Production in Tonnes 
  '000                          4Q        3Q      Change      FY         FY      Change 
=========================== 
                               2012      2012       %        2012       2011       % 
===========================  ========  ========  =======  =========  =========  ======= 
 Production from own raw materials 
 Iron Ore                     7,290.9   7,492.8   (2.7)    29,760.5   29,637.0    0.4 
 Concentrate                  2,980.2   2,979.8    0.0     11,699.9   11,486.9    1.9 
 Pellets 
           62% Fe             1,407.9   1,346.1    4.6     5,183.3    4,807.4     7.8 
           65% Fe               959.0   1,024.9   (6.4)    4,117.5    4,256.0    (3.3) 
                             --------  --------  -------  ---------  ---------  ------- 
 Total Pellets                2,366.9   2,371.0   (0.2)    9,300.9    9,063.4     2.6 
 
 Production/reprocessing from supplied 
  raw materials 
 Pellets 
           62% Fe              167.2     60.0     178.8     333.4      204.5      63.0 
           65% Fe               0.0       0.0                55.8      542.8     (89.7) 
                             --------  --------  -------  ---------  ---------  ------- 
 Total Pellets                 167.2     60.0     178.8     389.1      747.3     (47.9) 
 
 
 Total Pellets Produced       2,534.1   2,431.0    4.2     9,690.0    9,810.7    (1.2) 
                             --------  --------  -------  ---------  ---------  ------- 
           62% Fe             1,575.1   1,406.1    12.0    5,516.7    5,011.9     10.1 
           65% Fe              959.0    1,024.9   (6.4)    4,173.3    4,798.8    (13.0)

For further information, please contact:

 
 Ferrexpo: 
  Ingrid McMahon           +44 207 389 8304 
 Pelham Bell Pottinger: 
  Charles Vivian 
  Lorna Spears             +44 207 861 3126

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 2011 making it the largest exporter of pellets in the CIS. The Company has a diversified customer base supplying steel mills in Austria, Slovakia, 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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