Ferrexpo PLC Trading Update and Production Report for 4Q 2020 (3200L)
12 1월 2021 - 4:00PM
UK Regulatory
TIDMFXPO
RNS Number : 3200L
Ferrexpo PLC
12 January 2021
12 January 2021
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Trading Update and Production Report for 4Q 2020
Summary:
-- Total iron ore pellet production rises 22% quarter on quarter
to 3.1MT in 4Q 2020, following the successful ramp up of the
Group's concentrator expansion project.
-- Total full year production of iron ore pellets of 11.2MT in
2020, representing an increase of 7% on 2019.
-- Production of high quality 65% Fe and 67% Fe pellets
represented 99% of total pellet production in 2020 (2019: 96%).
-- Total full year sales volume of 12.1MT in 2020, up 18% on 2019.
-- COVID-19 update: Ferrexpo's operations and logistics
continued to operate with minimal impact during 4Q 2020.
-- Group net cash position as at year end of approximately
US$4M, following strong financial and operational performance in
2020. (Net debt position as of 31 December 2019: US$282M). The
Group's cash balance as of 31 December 2020 was approximately
US$270M (31 December 2019: US$131M).
(000' tonnes, unless stated Product
otherwise) Grade 4Q 2020 3Q 2020 % Change FY 2020 FY 2019 % Change
------------ ------- ------- -------- ------- -------
Total pellet production 3,084 2,537 +22% 11,218 10,519 +7%
------------------------------------------------------ ------- ------- -------- ------- ------- --------
Production comprised of:
o Direct Reduction ("DR")
Pellets 67% Fe 153 - +100% 339 - +100%
o Ferrexpo Premium Pellets 65% Fe 2,931 2,537 +16% 10,780 10,116 +8%
o Ferrexpo Basic Pellets 62% Fe - - - 98 403 -76%
---------------------------------------- ------------ ------- ------- -------- ------- ------- --------
Note: all production shown in table above from own ore; no
production from third party materials.
For further information, please contact:
Ferrexpo:
+44 207 389
Rob Simmons r.simmons@ferrexpo.ch 8305
Maitland/AMO:
+44 207 379
James Isola jisola@maitland.co.uk 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
2020, the Group produced 11.2 million tonnes of iron ore pellets, a
7% increase on the prior year. The Company is ranked as the world's
3rd largest exporter of pellets to the global steel industry with a
market share of approximately 9%. 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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