Ferrexpo PLC Production Report for 3Q 2020 (1644B)
06 10월 2020 - 3:00PM
UK Regulatory
TIDMFXPO
RNS Number : 1644B
Ferrexpo PLC
06 October 2020
Ferrexpo plc
Production Report for 3Q 2020
6 October 2020
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company") Production Report for
3Q 2020
Summary:
-- COVID-19 update: Ferrexpo's operations continued to operate
with minimal impact during 3Q 2020 due to the global COVID-19
pandemic. The Company continues to ensure all appropriate
precautions are being followed for the health and wellbeing of its
workforce, including the Company's own programmes testing for the
COVID-19 virus and associated antibodies.
-- 9M 2020 pellet production up 3% to 8.1MT (9M 2019: 7.9MT).
-- 3Q 2020 pellet production down 12% to 2.5MT (2Q 2020: 2.9MT),
with reduced volume due to planned pelletiser maintenance in early
September 2020.
-- 100% of production in 3Q 2020 comprised of high grade iron ore pellets (65% Fe and above).
-- The Company's additional concentrator section was completed
in 3Q 2020, with commissioning and ramp up of this additional
processing capacity to progress in 4Q 2020.
(000' tonnes, unless stated
otherwise) 3Q 2020 2Q 2020 % Change 9M 2020 9M 2019 % Change
======= ======= ======= =======
Pellet production from own
ore 2,537 2,873 -12% 8,134 7,891 +3%
Comprised of:
- 62% Fe pellets - 25 -- 98 311 -68%
- 65% Fe and above pellets* 2,537 2,848 -11% 8,036 7,580 +6%
------------------------------- ------- ------- --------- ------- ------- ---------
* Includes trial shipment of Ferrexpo Direct Reduction pellets
(67% Fe) in 1H 2020.
Note: no pellet production from third party materials in 2019 or
2020.
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Maitland/AMO:
James Isola jisola@maitland.co.uk +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 over 40 years. In
2019, the Group produced 10.5 million tonnes of pellets ranking it
as the world's 3(rd) largest exporter of pellets to the global
steel industry with a market share of approximately 8%. Ferrexpo
has a diversified customer base supplying steel mills in Austria,
Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech
Republic, Turkey, Vietnam and America. 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
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END
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