OREANDA-NEWS. Ferrexpo announces production results for 4Q 2014.

Summary:

Record production of 11.0mt of pellets in 2014, up 2% (2013: 10.8mt)

5.8mt of 65% Fe pellets produced in 2014, comprising 53% of total production (2013: 5.0mt or 46% of production)

144kt of pellet production lost due to electricity shortfall in December 2014

Production in Tonnes '000

4Q 2014

3Q 2014

Change %

FY 2014

FY 2013

Change %

Pellets from FPM Ore

1,609.94

1,993.51

(19.2)

7,262.41

8,398.37

(13.5)

62% Fe

233.61

537.71

(56.6)

2,765.29

4,418.55

(37.4)

65% Fe

1,376.33

1,455.80

(5.5)

4,497.12

3,979.82

13.0

Pellets from FYM ore

1,007.75

846.37

19.1

3,408.04

2,067.23

64.9

62% Fe

766.37

846.37

(9.5)

2,360.67

1,322.07

78.6

65% Fe

241.38

0.00

1,047.37

745.16

40.6

Pellet production from own ore

2,617.69

2,839.88

(7.8)

10,670.45

10,465.61

2.0

62% Fe

999.98

1,384.08

(27.8)

5,125.96

5,740.62

(10.7)

65% Fe

1,617.71

1,455.80

11.1

5,544.49

4,724.98

17.3

Pellets from third party materials

145.21

49.92

190.9

350.86

347.49

1.0

62% Fe

42.22

49.92

(15.4)

92.14

84.48

9.1

65% Fe

102.99

0.00

258.71

263.02

(1.6)

Total pellet production

2,762.90

2,889.80

(4.4)

11,021.30

10,813.10

1.9

62% Fe

1,042.20

1,434.00

(27.3)

5,218.10

5,825.10

(10.4)

65% Fe

1,720.70

1,455.80

18.2

5,803.20

4,988.00

16.3

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 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is the 5th largest supplier of pellets to the global steel industry and the largest producer and exporter of pellets from the Former Soviet Union. In 2014, it produced 11 million tonnes of pellets, a 2% increase compared to 2013 and a record for the Company. 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.