Ferrexpo’s iron ore pellet output down 1.2 percent in 2012

Swiss-headquartered resources company Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced that in 2012 its overall iron ore pellet production decreased by 1.2 percent year on year to 9.7 million mt. The company's overall pellet production in the fourth quarter of 2012 amounted to 2.53 million mt, decreasing slightly compared to the same quarter of the previous year.
 
In 2012, Ferrexpo's pellet production from its own raw materials increased by 2.6 percent year on year, amounting to 9.3 million mt, while its pellet production from third party concentrate saw a decrease of 47.9 percent year on year to 389,100 mt. In the last quarter of the year, the company's pellet production from its own raw materials increased by 1.3 percent to 2.36 million mt, while its pellet production from third party concentrate declined by 23.4 percent to 167,200 mt, both year on year.
 
Meanwhile, for the whole of 2012, Ferrexpo's iron ore production almost remained unchanged at 29.76 million mt, while its iron ore concentrate production saw a 1.9 percent rise year on year to 11.7 million mt. In the fourth quarter of the year, the iron ore production of Ferrexpo decreased by 8.2 percent to 7.3 million mt, while its iron ore concentrate production amounted to 3 million mt, rising slightly, both year on year.