TIDMFXPO

RNS Number : 8040I

Ferrexpo PLC

09 July 2013

9 July 2013

Ferrexpo plc

Production for 2Q 2013

Summary

   --   Group pellet production, from own ore, up 11.4% in 1H13 vs. 1H12 
   --   Ramp up of production from FYM ore resulted in 859 thousand tonnes of pellets in 1H13 
 
 Production in tonnes 
  '000                        Q2 2013   Q1 2013   Change       1H         1H      Change 
===========================  ========  ======== 
                                                     %        2013       2012       % 
===========================  ========  ========  ========  =========  =========  ======= 
 Production from FPM 
  ore 
 Iron ore                     8,670.0   7,142.7    21.4     15,812.6   14,976.8    5.6 
 Concentrate                  2,643.1   2,770.1    (4.6)    5,413.2    5,739.9    (5.7) 
 Pellets 
           62% Fe             1,056.4   1,163.6    (9.2)    2,220.1    2,429.3    (8.6) 
           65% Fe             1,012.1    994.0      1.8     2,006.1    2,133.6    (6.0) 
                             --------  --------  --------  ---------  ---------  ------- 
 Total FPM pellets            2,068.5   2,157.6    (4.1)    4,226.1    4,562.9    (7.4) 
 
 Production from FYM 
  ore 
 Iron ore                     1,742.6   1,224.0    42.4     2,966.6      0.0       n/a 
 Concentrate                   651.5     373.0     74.7     1,024.5      0.0       n/a 
 Pellets 
           62% Fe              347.2     288.5     20.4      635.6       0.0       n/a 
           65% Fe              183.5     39.7      362.8     223.1       0.0       n/a 
                             --------  --------  --------  ---------  ---------  ------- 
 Total FYM pellets             530.7     328.1     61.7      858.8       0.0       n/a 
 
 Total Group 
           62% Fe             1,403.6   1,452.1    (3.3)    2,855.7    2,429.3     17.6 
           65% Fe             1,195.6   1,033.6    15.7     2,229.2    2,133.6     4.5 
                             --------  --------  --------  ---------  ---------  ------- 
 Total Group pellets          2,599.2   2,485.7     4.6     5,084.9    4,562.9     11.4 
 
 Production from third 
  party materials 
           62% Fe               0.0      65.7     (100.0)     65.7      106.2     (38.2) 
           65% Fe              95.2       0.0       n/a       95.2       55.8      70.8 
                             --------  --------  --------  ---------  ---------  ------- 
 Total third party pellets     95.2      65.7      44.9      160.9      162.0     (0.7) 
 
 Total pellets produced       2,694.4   2,551.4     5.6     5,245.8    4,724.9     11.0 
---------------------------  --------  --------  --------  ---------  ---------  ------- 
           62% Fe             1,403.6   1,517.8    (7.5)    2,921.4    2,535.5     15.2 
           65% Fe             1,290.8   1,033.6    24.9     2,324.4    2,189.4     6.2 
 
 

Ferrexpo will announce its results for the six months to 30 June 2013 on 7 August 2013.

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 has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2012, the subsidiary, Ferrexpo Poltava Mining (FPM), produced 9.3 million tonnes of iron ore pellets, while first ore was reached at the new Ferrexpo Yeristovo Mining (FYM) open pit. Ferrexpo was the largest exporter of pellets in the CIS in 2012. The Group 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

END

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