Ferrexpo, the FTSE 250 iron ore company with assets in Ukraine, has posted a 2.6 per cent increase in annual pellet production from own ore at 9.3m tonnes, compared to 9.1m tonnes in 2011.
Total pellet production in 2012 was 9.7m tonnes, down 0.1m tonnes compared to 2011, which it attributed to lower purchases of third party concentrate.
The group said that average pellet iron content from own ore for 2012 was 63.42%, in line with the 63.50% reported the previous year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In the fourth quarter, the number of pellets produced totalled 2.5m tonnes, compared to 2.4m the previous quarter.
Total pellets from own production numbered 2.367m tonnes, down slightly from the 2.371m reported in the third quarter.
The share price rose 0.26% to 269.50p by 08:55.
NR
-
Nvidia's earnings live: stock gains as investors brace for key resultsNvidia's stock opened strongly ahead of its earnings, as analysts question whether Blackwell sales can make up for lost China revenue
-
8 of the best lakeside properties for saleThe best lakeside properties – from a house on the southeastern shore of Loch Lomond, to a 15th-century hall overlooking a lake in King’s Lynn, Norfolk
