Ferrexpo increases annual pellet production from own ore
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.
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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”