TIDMFXPO

RNS Number : 1201U

Ferrexpo PLC

05 April 2016

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Production for 1Q 2016

Summary:

-- 1Q pellet production from own ore of 2.9 million tonnes, up 5.6% YOY (1Q 2015: 2.7 million tonnes)

-- 1Q production of 65% Fe pellets from own ore of 2.8 million tonnes, up 20.2% YOY (1Q 2015:2.3 million tonnes)

   --   Total 1Q 2016 pellet production of 2.9 million tonnes (total 1Q 2015: 2.9 million tonnes) 
 
                              1Q         4Q                  1Q         1Q 
 000' tonnes                 2016       2015     Change     2016       2015     Change 
                          =========  =========  =======  =========  =========  ======= 
 Pellet production from 
  own ore                  2,875.17   2,954.12    -2.7%   2,875.17   2,723.23     5.6% 
  - 62% Fe pellets           123.80     157.50   -21.4%     123.80     433.40   -71.4% 
  - 65% Fe pellets         2,751.37   2,796.62    -1.6%   2,751.37   2,289.83    20.2% 
 
 Production from third 
  party materials             11.53      29.88   -61.4%      11.53     162.07   -92.9% 
  - 62% Fe pellets             0.00       0.00                0.00       0.00 
  - 65% Fe pellets            11.53      29.88   -61.4%      11.53     162.07   -92.9% 
 
 Total Pellets Produced    2886.70    2984.00     -3.3%   2886.70    2885.30      0.0% 
------------------------  ---------  ---------  -------  ---------  ---------  ------- 
  - 62% Fe pellets           123.80     157.50   -21.4%     123.80     433.40   -71.4% 
  - 65% Fe pellets         2,762.90   2,826.50    -2.3%   2,762.90   2,451.90    12.7% 
 

For further information contact:

 
 Ferrexpo: 
                   +44 203 705 
 Ingrid McMahon     5458 
 Maitland: 
                   +44 207 379 
 James Isola        5151 
 
 

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 currently the 3(rd) largest exporter of pellets to the global steel industry and the largest exporter of pellets from the CIS. In 2015, it produced a record 11.7 million tonnes of pellets, a 6% increase compared to 2014. 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

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April 05, 2016 02:00 ET (06:00 GMT)

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