Business
3rd Qtr Production Report
3rd Qtr Production Report.
About this update from Ferrexpo Plc
[{"type":"text","content":"\n Ferrexpo PLC\n01 November 2007\n\n\n \n\n1 November 2007\n\nProduction for 3Q 2007\n\nProduction in Q3 Q2 Change Q3 Change YTD YTD Change\nTonnes '000 2007 2007 % 2006 % 2007 2006 %\nIron Ore 7,305 7,306 (0) 6,832 7 21,751 19,354 12\nConcentrate 2,695 2,668 1 2,559 5 7,988 7,035 14\nPellets Total 2,230 2,324 (4) 2,323 (4) 6,882 6,246 10\n 62% Fe 1,275 1,360 (6) 1,554 (18) 4,150 3,915 6 \n 65% Fe 955 964 (1) 769 24 2,732 2,332 17 \nincl. pellets from \nproduced concentrate 2,184 2,233 (1) 2,168 2 6,634 5,906 13 \n 62% Fe 1,230 1,268 (2) 1,399 (11) 3,902 3,583 10\n 65% Fe 954 964 (1) 769 24 2,732 2,323 18\n\n\nPricing for 3Q 2007\n\n+------------------+------+------+------+------+------+-------+-------+------+\n| Pricing $/t | Q3 | Q2 |Change| Q3 |Change| YTD | YTD |Change|\n| +------+------+------+------+------+-------+-------+------+\n| | 2007 | 2007 | % | 2006 | % | 2007 | 2006 | % |\n+------------------+------+------+------+------+------+-------+-------+------+\n|Average achieved |75.24 |74.15 | 2 |64.56 | 17 | 71.92 | 60.76 | 18 |\n|price (DAF/FOB) | | | | | | | | |\n+------------------+------+------+------+------+------+-------+-------+------+\n\n\nHighlights\n\n\n> Continuing our strong performance in Q2 2007, our YTD production\nremains well above 2006 levels across our product range\n\n> Iron ore production was flat versus Q2 2007, but increased by 7% over\nQ3 2006\n\n> Concentrate output continues to demonstrate growth, in line with iron\nore production (up 14% in 2007 YTD versus the comparable period in 2006)\n\n> The production of higher quality (65% Fe) pellets as a proportion of\ntotal production (43% now versus 33% in Q3 2006) has grown significantly\n\n> This increase in average pellet quality together with decreased\npurchases of third party iron ore concentrate as a result of tight market supply\nconditions resulted in the slight (4%) quarter-on-quarter decline in total\npellet production in Q3 2007 versus Q2 2007\n\n> The Business Improvement Programme is progressing well with ongoing\nefficiency improvements being seen across our operations. In addition, the\nordering of 6 new drag lines in the quarter in preparation for stripping at our\nYeristovskoe deposit is just one part of our commitment to developing the rest\nof our asset over the coming years\n\n> Ferrexpo has seen overall pelle...