Ferrexpo at a glance Reserves and Resources
> In this section:
- Highlights
- Reserves and Resources
- Operations
- Distribution and Markets
- Chairman's and CEO's Statement
- Strategic Priorities
- Ferrexpo in Action
Ferrexpo produces iron ore pellets, which are a premium input used in steel production.
Compared with iron ore fines and lump, pellets improve blast furnace productivity in the steel production process.
JORC Reserves and Resources as of 1 January 2012
| Deposit | Resources | |||||
|---|---|---|---|---|---|---|
| Proved and probable (mt) | Fe grade (total) % |
Measured and indicated (mt) | Fe grade (total) % |
Inferred (mt) |
Fe grade (total) % |
|
| Gorishne-Plavninskoye and Lavrikovskoye1 | 859 | 30 | 2,140 | 30 | 1,449 | 31 |
| Yeristovskoye2 | 632 | 34 | 828 | 34 | 364 | 30 |
| Belanovskoye3 | – | – | 1,485 | 31 | 217 | 30 |
| Galeshinskoye | – | – | 268 | 55 | 58 | 55 |
| Total | 1,491 | 32 | 4,721 | 32 | 2,088 | 31 |
1 Ferrexpo Poltava Mining ('FPM').
2 Ferrexpo Yeristovo Mining ('FYM').
3 Ferrexpo Belanovo Mining ('FBM').
Strong Pipeline of Organic Growth
- Mining operations based 20 kilometres from Kremenchuk in central Ukraine, on banks of the Dnieper River
- Total resources, including Soviet classified, more than 20 billion tonnes of 30% Fe average
- Deposits along same ore body with existing infrastructure
- Mining currently carried out at Gorishne-Plavninskoye and Lavrikovskoye (FPM) deposits
- FPM operating for 30+ years
- Funding in place for approved expansion
- Low risk brownfield development offering superior returns
- Drilling works and site preparation undertaken at FBM