Ferrexpo PLC Production Report for 1Q 2021 (7518U)
April 08 2021 - 1:00AM
UK Regulatory
TIDMFXPO
RNS Number : 7518U
Ferrexpo PLC
08 April 2021
8 April 2021
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Production Report for 1Q 2021
Summary:
-- COVID-19 update: Ferrexpo's operations and logistics
continued to operate with minimal impact during 1Q 2021.
-- Total iron ore pellet production of 2.7 million tonnes
("Mt"), representing a year on year result in line with pellet
production in 1Q 2020, and 12% below 4Q 2020, reflecting ongoing
pelletiser upgrade work.
o Upgrade work completed on one pelletiser line in 1Q 2021 and
further work underway in 2Q 2021.
o The Group expects overall pelletiser capacity to increase by
0.5-1.0 Mt per annum following completion of this work.
-- Production of high-quality pellets (65% Fe and 67% Fe)
represented 100% of total pellet output in 1Q 2021 (1Q 2020:
97%).
-- Company also recorded additional production of 65,000 tonnes
of high-grade concentrate for sale in 1Q 2021, linked to the
commissioning and ramp up of the Company's concentrate stockyard
project.
(000' tonnes, unless Product 1Q vs. 4Q vs. 1Q YTD vs.
stated otherwise) Grade
2021 2020 2020 (3M 2021) 3M 2020
------------------------------ --------- ------- ------- ------- ----------- ----------
Total commercial production
(comprising pellets
& concentrate) 2,779 (10%) +2% 2,779 +2%
Pellet production 2,714 (12%) (0.4%) 2,714 (0.4%)
Pellet production comprised
of:
o Direct Reduction 67%
("DR") Pellets Fe 35 (77%) - 35 -
o Ferrexpo Premium 65%
Pellets Fe 2,679 (9%) +1% 2,679 +1%
62%
o Ferrexpo Basic Pellets Fe - - (100%) - (100%)
Commercial concentrate 67%
production Fe 65 - - 65 -
------------------------------ --------- ------- ------- ------- ----------- ----------
Note: all production shown in table above from own ore; no
production from third party materials.
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson
Emily Moss +44 207 920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 778 855 4035
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 Mt 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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