Ferrexpo PLC Production for 1Q 2015 (2010J)
02 4월 2015 - 3:00PM
UK Regulatory
TIDMFXPO
RNS Number : 2010J
Ferrexpo PLC
02 April 2015
2 April 2015
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Production for 1Q 2015
Summary:
-- Ramp up of capacity and quality upgrade projects complete
-- Capability to produce a greater proportion of premium 65% Fe
pellets increased throughout 1Q 2015
-- Record 1Q 2015 pellet production of 2.9 mt, up 2.5% (1Q 2014: 2.8 mt)
-- Record quarterly production of 65% Fe pellets at 2.5 mt or
85% of total output (1Q 2014: 1.4 mt, 48% of total output)
-- Cost base continues to benefit from higher production volumes and Hryvnia devaluation
Production in tonnes
'000 1Q 2015 4Q 2014 Change 1Q 2015 1Q 2014 Change
% %
Pellet production from own
ore 2,723.23 2,617.69 4.0 2,723.23 2,714.14 0.3
62% Fe 433.40 999.98 (56.7) 433.40 1,462.50 (70.4)
65% Fe 2,289.83 1,617.71 41.5 2,289.83 1,251.64 82.9
---------------------------------- --------- --------- --------- --------- --------- ----------
Pellet production from third
party materials 162.07 145.21 11.6 162.07 101.96 59.0
62% Fe 0.00 42.22 - 0.00 0.00 -
65% Fe 162.07 102.99 57.4 162.07 101.96 59.0
---------------------------------- --------- --------- --------- --------- --------- ----------
Total pellet production 2,885.30 2,762.90 4.4 2,885.30 2,816.10 2.5
62% Fe 433.40 1,042.20 (58.4) 433.40 1,462.50 (70.4)
65% Fe 2,451.90 1,720.70 42.5 2,451.90 1,353.60 81.1
---------------------------------- --------- --------- --------- --------- --------- ----------
For further information contact:
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Maitland:
Peter Ogden +44 207 379 5151
Liz Morley
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. The Group is the 5th largest supplier of pellets to the
global steel industry and the largest exporter of pellets from the
CIS. In 2014, it produced a record 11 million tonnes of pellets, a
2% increase compared to 2013. 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
END
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