Ferrexpo PLC Production Report for 3Q 2021 (1279O)
06 10월 2021 - 3:00PM
UK Regulatory
TIDMFXPO
RNS Number : 1279O
Ferrexpo PLC
06 October 2021
6 October 2021
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Production Report for 3Q 2021
Summary:
-- Total iron ore pellet production increases 2% year on year to
2.6 million tonnes ("MT"), reflecting strong production performance
following pelletiser upgrade work completed in previous
quarters.
-- Production volumes 9% lower on a quarter on quarter basis as
a result of pelletiser upgrade work completed during the quarter,
and planned pelletiser maintenance in September 2021.
-- Upgrade work on the Group's fourth pelletiser line completed during September 2021.
-- High grade iron ore (grading 65% Fe or above) representing
100% of production in 3Q 2021 (3Q 2020: 100%).
-- Proportion of higher grade (67% Fe) direct reduction pellets
increased to 8% of total pellet production during the period,
compared to 3% in the prior period, reflecting the Group's
continuing expansion into this market.
-- Further 85kt of high grade (67% Fe) commercial concentrate
production, reflecting the Group's recent investment in its
concentrate stockyard project (3Q 2020: nil).
Jim North, Interim Group Chief Executive Officer, said:
"I am pleased to report our continued progress in terms of
product quality and product volumes, with upgrade work completed on
the pelletiser during the quarter. Through continued investment in
the Group's concentrator and pelletiser facilities, we are creating
a platform for future growth in product volumes, whilst
simultaneously increasing the overall grade of our production."
(000' tonnes, unless Product 3Q QoQ YoY YTD YoY
stated otherwise) Grade 2021 (vs (vs (9M (vs
2Q 2021) 3Q 2020) 2021) 9M 2020
----------------------------- --------- ------ ---------- ---------- ------- ---------
Total commercial production
(comprising pellets
& concentrate) 2,680 (9%) +6% 8,393 +3%
Pellet production 2,596 (9%) +2% 8,158 +0.3%
Pellet production comprised
of:
o Direct Reduction 67%
("DR") Pellets Fe 195 +130% - 330 +76%
o Ferrexpo Premium 65%
Pellets Fe 2,401 (13%) (5%) 7,829 (0.3%)
62%
o Ferrexpo Basic Pellets Fe - - - - (100%)
Commercial concentrate 67%
production Fe 85 +0.2% - 234 -
----------------------------- --------- ------ ---------- ---------- ------- ---------
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson +44 207 920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 7785 974 264
About Ferrexpo:
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
3(rd) 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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October 06, 2021 02:00 ET (06:00 GMT)
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