Ferrexpo PLC Production for 2Q 2017 (2463K)
July 06 2017 - 1:00AM
UK Regulatory
TIDMFXPO
RNS Number : 2463K
Ferrexpo PLC
06 July 2017
6 July 2017
Ferrexpo plc
("Ferrexpo", the "Group" or the "Company")
Production for 2Q 2017
Summary:
-- 1H 2017 pellet production of 5,160 thousand tonnes (1H 2016: 5,723 thousand tonnes)
-- Lower pellet production in 1H 2017 vs. 1H 2016 reflected a
planned 55 day pellet line refurbishment
Q2 Q1
000' tonnes 2017 2017 Change 1H 1H Change
======== ========
% 2017 2016 %
======== ======== ======= ======== ======== =======
Pellet production
from own ore 2,526.1 2,612.4 -3.3 5,138.6 5,700.1 -9.9
- 62% Fe FBP 106.3 151.6 -29.9 257.9 363.9 -29.1
- 65% Fe FPP (incl.
FPP+) 2,419.8 2,460.8 -1.7 4,880.7 5,336.2 -8.5
Production from third
party materials 10.0 11.6 -14.1 21.6 23.2 -7.1
- 62% Fe FBP 0.00 0.00 - 0.00 0.0 -
- 65% Fe FPP (incl.
FPP+) 10.0 11.6 -14.1 21.6 23.2 -7.1
Total Pellets Produced 2,536.1 2,624.0 -3.3 5,160.1 5,723.3 -9.8
------------------------ -------- -------- ------- -------- -------- -------
- 62% Fe FBP 106.3 151.6 -29.9 257.9 363.9 -29.1
- 65% Fe FPP (incl.
FPP+) 2,429.8 2,472.4 -1.7 4,902.2 5,359.4 -8.5
of which % of FPP
(incl. FPP+) 96% 94% 1.7 95% 94% 1.5
------------------------ -------- -------- ------- -------- -------- -------
Note: Ferrexpo Basic Pellets (FBP), Ferrexpo Premium Pellets
(FPP) and Ferrexpo Premium Pellets plus (FPP+).
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. The Group is currently the 3rd largest exporter of
pellets to the global steel industry and the largest exporter of
pellets from the Former Soviet Union. In 2016, it produced 11.2
million tonnes of pellets reflecting a 2% increase in production of
the Group's highest quality pellets to a record 10.5 million
tonnes. 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
END
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