www.ferrexpo.com
Ferrexpo plc is a Swiss headquartered resource company with assets in Ukraine. We are principally involved in the production and export of iron ore pellets, which are used in the manufacture of steel. Our asset base comprises one of the largest iron ore resources in the world.
We produce around ten million tonnes of iron ore pellets per year and with several growth projects in place are aiming to double future production. We are committed to becoming a leading global supplier of iron ore pellets, providing outstanding service to our customers and strong returns to our shareholders.
We became the first Ukrainian company to be listed on the main market of the London Stock Exchange (ticker: FXPO) following a successful Initial Public Offering on 15 June 2007. We are a member of the FTSE 250 UK Index.
Ferrexpo plc is the only pure-play iron ore company currently listed on the London Stock Exchange.
Ferrexpo Q4 total iron ore pellet production up 3.3 pct vs Q3
Ukraine-focused iron ore group Ferrexpo (LON:FXPO) reported a 3.3 per cent increase in total pellet production in the fourth quarter of 2011 over the third quarter, and that pellet production from its own ore in 2011 continued at full capacity.
The group produced a total of 2,555,900 tonnes of pellets in the fourth quarter, up from 2,471,900 in the third quarter and 1.2 per cent less than in the fourth quarter of 2010, when it made 2,585,800 tonnes.
Total pellet production from Ferrexpo’s own ore in Q4 2011 was 2,335,700 tonnes, 0.1 per cent higher than in Q3, and up 1.9 per cent year-on-year.
Production from third party concentrate rose 57.7 per cent from the third quarter to 218,200 tonnes and was down 25.7 per cent from the fourth quarter a year earlier.
Of the total pellets produced in Q4 2011, the amount of 62-per cent iron pellets rose 1.7 per cent from the third quarter to 1,344,900 tonnes, while 65-per cent pellet production was 5.2 per cent higher at 1,209,000 tonnes.
Ferrexpo, which is headquartered in Switzerland, supplies pellets used in the manufacture of steel. Its resource base is one of the largest iron ore deposits in the world with Poltava in the Ukraine producing approximately 10 million tonnes of iron ore pellets in 2010.
The company supplies steel mills in Austria, Serbia, Slovakia, Czech Republic, Germany and other European states, as well as in China, India, Japan, and other Asian countries.
