Rising cash costs a worry at Ferrexpo

Switzerland-headquartered iron ore company Ferrexpo saw first-quarter production rise in the first quarter of 2012, compared with the same period the year before, but cash costs increased significantly.

Switzerland-headquartered iron ore company Ferrexpo saw first-quarter production rise in the first quarter of 2012, compared with the same period the year before, but cash costs increased significantly.

As announced earlier this month, total pellet production from own ore increased by 6.3% year-on-year in the first three months of the year, but this was 3.3% down compared with the fourth quarter of 2011.

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