Pellet production rises at Ferrexpo
Iron ore producer Ferrexpo saw pellet production rise in the second quarter, though year-to-date production is down year-on-year because of lower availability of third party concentrate.
Iron ore producer Ferrexpo saw pellet production rise in the second quarter, though year-to-date production is down year-on-year because of lower availability of third party concentrate.
The company, which has its headquarters in Switzerland and iron ore assets in Ukraine, saw pellet production from its own ore rise 2.1% to 2.31m tonnes in the second quarter from 2.26m tonnes in the preceding quarter. Output in the first half of 2012 from the group's own raw materials was up 3.8% to 4.56m tonnes from 4.39m tonnes in the first half of 2011.
Production and reprocessing from purchased raw materials leapt 83.7% in the second quarter to 104,900 tonnes from the first quarter total pellet production of 57,100 tonnes.
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
Total pellets produced from bought-in raw materials plus Ferrexpo's own produce were up 4.1% quarter-on-quarter at 2.41m tonnes from 2.31m tonnes in the first quarter. Production in the first half of the year came in at 4.72m tonnes, down 1.3% on the 4.78m tonnes produced in the first half of 2011.
JH
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.
-
Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFs
A year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
-
What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?
Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt