Ferrexpo plc (LSE: FXPO), a producer and exporter of premium iron ore pellets, announces production results for the third quarter to the end of September 2024 (“the quarter" or “3Q” or “3Q 2024”).
Highlights
- Ferrexpo remains committed to the safety and wellbeing of its workforce and the Group continues to take extensive measures to protect employees, their families, and local communities.
- At the end of August 2024, the Group reported a rolling 12-month LTIFR of 0.37, below the historic five-year trailing average of 0.52. Zero fatalities have been reported for over three years.
- The Group has successfully operated one to two pelletising lines (out of four) during the quarter, with a focus on higher quality products.
- With variable production from each of the pelletiser lines, total production for the quarter was 1,397,698 tonnes, comprising 1,269,727 tonnes of pellets and 127,971 tonnes of 67% Fe concentrate. Total production for the nine months to the end of September 2024 was 5,125,034 tonnes, a 47% increase compared to the comparable period last year.
- During the quarter production of Ferrexpo DR pellets (FDP) continued, with a total of three shipments to two customers.
Summary production statistics
Link to full PDF version of this release: click here.
For further information, please contact:
Ferrexpo:
Nick Bias
[email protected]
+44 (0)7733 177 831
Tavistock:
Jos Simson / Gareth Tredway
[email protected]
+44 (0)7899 870 450
About Ferrexpo:
About Ferrexpo: Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a listing in the equity shares commercial companies category on the London Stock Exchange (ticker FXPO) and a constituent of the FTSE All-Share index. The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when converted into steel, compared to more commonly traded forms of iron ore. Ferrexpo’s operations have been supplying the global steel industry for over 50 years. Before Russia’s full-scale invasion of Ukraine in February 2022, the Group was the world’s third largest exporter of pellets. The Group has a global customer base comprising of premium steel mills around the world. For further information, please visit www.ferrexpo.com.