Summary:
1.
COVID-19 update: Ferrexpo’s operations continued to operate with
minimal impact during 3Q 2020 due to the global COVID-19 pandemic. The
Company continues to ensure all appropriate precautions are being
followed for the health and wellbeing of its workforce, including the
Company’s own programmes testing for the COVID-19 virus and associated
antibodies.
2.
9M 2020 pellet production up 3% to 8.1MT (9M 2019: 7.9MT).
3.
3Q 2020 pellet production down 12% to 2.5MT (2Q 2020: 2.9MT),
with reduced volume due to planned pelletiser maintenance in early
September 2020.
4.
100% of production in 3Q 2020 comprised of high grade iron ore
pellets (65% Fe and above).
5.
The Company’s additional concentrator section was completed in 3Q
2020, with commissioning and ramp up of this additional processing
capacity to progress in 4Q 2020.
000' tonnes |
3Q2020 |
2Q2020 |
%
VAR |
9M2020 |
9M2019 |
%
VAR |
62% Fe
pellets |
- |
25 |
-- |
98 |
311 |
-68% |
65% Fe
and above pellets |
2,537 |
2,848 |
-11% |
8,036 |
7,580 |
6% |
Total |
2,537 |
2,873 |
-12% |
8,134 |
7,891 |
3% |
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
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