Business
Production Report for 1Q 2021
Production Report for 1Q 2021.
About this update from Ferrexpo Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7518U\n Ferrexpo PLC\n 08 April 2021\n \n \n \n \n \n \n \n \n \n \n 8 April 2021 \n \n \n \n Ferrexpo plc\n \n \n (\"Ferrexpo\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Production Report for 1Q 2021\n \n \n \n \n \n Summary:\n \n \n · \n COVID-19 update: Ferrexpo's operations and logistics continued to operate with minimal impact during 1Q 2021.\n \n \n · \n Total iron ore pellet production of 2.7 million tonnes (\"Mt\"), representing a year on year result in line with pellet production in 1Q 2020, and 12% below 4Q 2020, reflecting ongoing pelletiser upgrade work.\n \n \n o \n Upgrade work completed on one pelletiser line in 1Q 2021 and further work underway in 2Q 2021. \n \n \n o \n The Group expects overall pelletiser capacity to increase by 0.5-1.0 Mt per annum following completion of this work.\n \n \n · \n Production of high-quality pellets (65% Fe and 67% Fe) represented 100% of total pellet output in 1Q 2021 (1Q 2020: 97%).\n \n \n · \n Company also recorded additional production of 65,000 tonnes of high-grade concentrate for sale in 1Q 2021, linked to the commissioning and ramp up of the Company's concentrate stockyard project.\n \n \n \n \n \n \n \n \n (000' tonnes, unless stated otherwise)\n \n \n \n \n Product Grade\n \n \n \n \n 1Q\n2021\n \n \n \n \n vs. 4Q \n \n \n 2020\n \n \n \n \n vs. 1Q \n \n \n 2020\n \n \n \n \n YTD \n \n \n (3M 2021)\n \n \n \n \n vs. \n \n \n 3M 2020\n \n \n \n \n \n \n Total commercial production\n(comprising pellets & concentrate)\n \n \n \n \n \n \n \n \n \n \n \n 2,779\n \n \n \n \n (10%)\n \n \n \n \n +2%\n \n \n \n \n 2,779\n \n \n \n \n +2%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Pellet production\n \n \n \n \n \n \n \n 2,714\n \n \n \n \n (12%)\n \n \n \n \n (0.4%)\n \n \n \n \n 2,714\n \n \n \n \n (0.4%)\n \n \n \n \n \n \n Pellet production comprised of:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n o\n \n \n \n \n \n Direct Reduction (\"DR\") Pellets \n \n \n \n \n \n 67% Fe\n \n \n \n \n 35\n \n \n \n \n (77%)\n \n \n ...