Ferrexpo PLC Production Report for Q3 2018 (3324D)

TIDMFXPO

RNS Number : 3324D

Ferrexpo PLC

09 October 2018

9 October 2018

Ferrexpo plc

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

Production for 3Q 2018

Summary:

   --   3Q 2018 total pellet production up 6% compared to 2Q 2018 
   --   Higher production reflects successful completion of pellet line refurbishment in 2Q 2018 
   --   9M 2018 total pellet production up 1.3% compared to 9M 2017 
 
 000' tonnes                    3Q 2018    2Q 2018    Change   YTD 2018   YTD 2017   Change 
                               =========  =========           =========  ========= 
                                                        %                              % 
                               =========  =========  =======  =========  =========  ======= 
 Pellet production from own 
  ore                           2,659.85   2,511.01      5.9   7,741.57   7,631.26      1.4 
  - 62% Fe pellets                167.44     167.23      0.1     484.57     414.50     16.9 
  - 65% Fe pellets              2,492.41   2,343.78      6.3   7,257.00   7,216.76      0.6 
 
 Production from third party 
  materials                         0.00       0.00               14.50      21.55    -32.7 
  - 62% Fe pellets                  0.00       0.00                0.00       0.00 
  - 65% Fe pellets                  0.00       0.00               14.50      21.55    -32.7 
 
 Total Pellets Produced         2,659.85   2,511.01      5.9   7,756.06   7,652.80      1.3 
                               ---------  ---------  -------  ---------  --------- 
  - 62% Fe pellets                167.44     167.23      0.1     484.57     414.50     16.9 
  - 65% Fe pellets              2,492.41   2,343.78      6.3   7,271.49   7,238.30      0.5 
-----------------------------  ---------  ---------  -------  ---------  ---------  -------

For further information contact:

 
 Ferrexpo: 
 Ingrid McMahon    +44 207 389 8304 
 Maitland: 
 James Isola       +44 207 379 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 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2017, the Group produced 10.4 million tonnes of pellets ranking it as the 3(rd) largest exporter of pellets to the global steel industry with a market share of approximately 8.5%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey and Vietnam. Ferrexpo has a premium listing 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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October 09, 2018 02:00 ET (06:00 GMT)

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