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Ferrexpo achieves record 2016 sales volumes

9th January 2017

By: Anine Kilian

Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – Iron-ore producer Ferrexpo sold 11.7-million tonnes of pellets in 2016, compared with 11.3-million tonnes in 2015, reflecting strong global demand for the group's pellets, it said on Monday.

Pellet production, however, decreased to 11.2-million tonnes in 2016, compared with 11.7-million tonnes in 2015.

The group, which has assets in the Ukraine, reported that the average pellet price had increased to $58.5/t in 2016, compared with $55.5/t the year before, while its cash cost of production had decreased to $29/t in 2016, compared with $31.9/t in 2015.

For this year, the group expects to benefit from higher pellet premiums while production volumes will continue to reflect better-quality output.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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