|
Highlight
• Total iron ore pellet
production rises 22% quarter on quarter to 3.1MT in 4Q 2020,
following the successful ramp up of the Group’s concentrator
expansion project.
• Total full year
production of iron ore pellets of 11.2MT in 2020, representing an
increase of 7% on 2019.
• Production of high
quality 65% Fe and 67% Fe pellets represented 99% of total pellet
production in 2020 (2019: 96%).
• Total full year sales
volume of 12.1MT in 2020, up 18% on 2019.
• COVID-19 update:
Ferrexpo’s operations and logistics continued to operate with
minimal impact during 4Q 2020.
• Group net cash
position as at year end of approximately US$4M, following strong
financial and operational performance in 2020. (Net debt position as
of 31 December 2019: US$282M). The Group’s cash balance as of 31
December 2020 was approximately US$270M (31 December 2019: US$131M).
Table: Pellet Production
|
(000' tonnes) |
Product Grade |
4Q
2020 |
3Q
2020 |
%
Change |
FY
2020 |
FY
2019 |
%
Change |
|
Direct Reduction (“DR”) Pellets |
67% Fe |
153 |
- |
100% |
339 |
- |
100% |
|
Ferrexpo Premium Pellets |
65% Fe |
2,931 |
2,537 |
16% |
10,780 |
10,116 |
8% |
|
Ferrexpo Basic Pellets |
62% Fe |
- |
- |
- |
98 |
403 |
-76% |
|
Total pellet production |
|
3,084 |
2,537 |
22% |
11,218 |
10,519 |
7% |
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
