Feb 4 (Reuters) - Ferrexpo PLC ::COPY BANK STATEMENTS FROM BLOOMING LAND RECEIVED BY CO'S AUDITORS CONTAINED AS YET UNEXPLAINED DISCREPANCIES.BOARD DECIDED TO CONDUCT COMPREHENSIVE INDEPENDENT REVIEW AND IS IN PROCESS OF SCOPING WORK OF COPY BANK STATEMENTS FROM BLOOMING LAND.BLOOMING LAND IS A UKRAINIAN CHARITY WHICH WAS ESTABLISHED WITH PRIMARY FUNCTION OF CO-ORDINATING GROUP'S CSR PROGRAMME.DONATED US$9.5 MILLION TO BLOOMING LAND IN 1H 2018; HAS NOT MADE ANY FURTHER DONATIONS TO BLOOMING LAND SINCE MAY 2018.INTENDS TO ANNOUNCE ITS FY 2018 RESULTS AS PLANNED ON 20 MARCH 2019.FERREXPO EXPECTS FULL YEAR 2018 EBITDA TO BE APPROXIMATELY US$500 MILLION (SUBJECT TO AUDIT).
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Jan 8 (Reuters) - Ferrexpo PLC ::FERREXPO PLC - 4Q 2018 TOTAL PELLET PRODUCTION UP 7.2% VERSUS. 3Q 2018 TO 2.9MT (3Q 2018: 2.7MT)..FERREXPO PLC - 2018 TOTAL PELLET PRODUCTION UP 1.6% VERSUS 2017 TO 10.6MT (2017: 10.4MT).FERREXPO PLC - TOTAL 2019 PELLET PRODUCTION IS EXPECTED TO BE IN LINE WITH 2018 AT 10.6MT AS A RESULT OF ONGOING MAINTENANCE.FERREXPO PLC - 2018 SALES VOLUMES WILL BE APPROXIMATELY 10.2 MT (2017 SALES VOLUMES: 10.5MT).FERREXPO PLC - SALES VOLUMES WERE IMPACTED BY REDUCED BARGE SHIPMENTS GIVEN LOW WATER LEVELS ON DANUBE RIVER IN 2H 2018.FERREXPO PLC - GROUP EXPECTS THESE SALES VOLUMES TO BE CAUGHT UP IN 1H 2019..FERREXPO PLC - TOTAL PELLETS PRODUCED IN Q4 2.85 MILLION TONS VERSUS 2.66 MILLION TONS IN Q3.FERREXPO PLC - FULL YEAR AVERAGE 2018 CASH COST OF PRODUCTION IS EXPECTED TO BE APPROXIMATELY US$44 PER TONNE COMPARED TO US$33 PER TONNE IN 2017.FERREXPO PLC - GROUP'S AVERAGE RECEIVED PRICE WAS APPROXIMATELY 9% HIGHER IN 2018 COMPARED TO 2017.
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Dec 6 (Reuters) - Ferrexpo PLC ::FERREXPO HAS CONTINUED TO TRADE AS EXPECTED IN SECOND HALF OF 2018.PELLET PREMIUMS HAVE REMAINED AT HIGH LEVELS OF 1H 2018.GROUP BELIEVES SEABORNE PELLET DEMAND WILL BE STRONG IN 2019 WHILE SUPPLY IS EXPECTED TO REMAIN CONSTRAINED.HAS DECLARED A SPECIAL INTERIM DIVIDEND OF 6.6 US CENTS OR US$40 MILLION.
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Oct 9 (Reuters) - Ferrexpo PLC ::Q3 2018 TOTAL PELLET PRODUCTION UP 6% COMPARED TO Q2 2018.HIGHER Q3 PRODUCTION REFLECTS SUCCESSFUL COMPLETION OF PELLET LINE REFURBISHMENT IN 2Q 2018.9M 2018 TOTAL PELLET PRODUCTION UP 1.3% COMPARED TO 9M 2017.
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Aug 9 (Reuters) - Ferrexpo Plc ::HAS INCREASED ITS 2017 PRE-EXPORT FINANCE CREDIT FACILITY FROM US$195 MILLION TO US$400 MILLION.EXTENDED TENOR OF PRE-EXPORT FINANCE CREDIT FACILITY FROM THREE TO FOUR YEARS.CREDIT FACILITY IS A REVOLVING COMMITTED FACILITY AND HAS A ONE YEAR GRACE PERIOD BEFORE QUARTERLY AMORTISATIONS COMMENCE.COST OF FACILITY REMAINS 450 BASIS POINTS ABOVE US LIBOR.
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Aug 2 (Reuters) - Ferrexpo PLC ::H1 REVENUE ROSE 4.4 PERCENT TO 617 MILLION USD.INTERIM DIVIDEND 0.033 USDPER SHARE.HY REVENUE $617 MILLION VERSUS $591 MILLION.SAYS HY TOTAL PELLET PRODUCTION 5,096KT VERSUS 5,160KT.HY PROFIT FOR PERIOD AFTER SPECIAL ITEMS $152 MILLION VERSUS $216 MILLION.SAYS HY DILUTED EPS AFTER SPECIAL ITEMS 25.79 CENTS."DEMAND FOR HIGH QUALITY IRON ORE, ESPECIALLY PELLET, IS EXPECTED TO REMAIN STRONG THROUGH 2H 2018 AND 2019".FERREXPO - GROUP'S PRODUCTION RATE IS EXPECTED TO INCREASE IN 2H 2018, WITH IMPROVEMENT EXPECTED ONCE FINAL PELLET LINE HAS BEEN REFURBISHED IN 2H 2019.FERREXPO - HAS COMPLETED INVESTMENT TO EXPAND PELLET FEED PRODUCTION BY 2020, WHICH WILL ALLOW TO INCREASE PRODUCTION BY ABOUT 1.5 MILLION TONNES TO 12 MILLION TONNES P.A.
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July 3 (Reuters) - Ferrexpo PLC ::PRODUCTION FOR 2Q 2018.1H 2018 PELLET PRODUCTION OF 5,096 THOUSAND TONNES (1H 2017: 5,160 THOUSAND TONNES).LOWER PELLET PRODUCTION IN 1H 2018 VERSUS. 1H 2017 REFLECTED A PLANNED 65 DAY PELLET LINE REFURBISHMENT.
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Jan 9 (Reuters) - Ferrexpo Plc ::TOTAL 2017 PELLET PRODUCTION 10.4 MT COMPARED TO 11.2 MT IN 2016 REFLECTING PLANNED PELLETISER MAINTENANCE.4Q 2017 PRODUCTION INCREASED 12% COMPARED TO 3Q 2017.2017 SALES VOLUMES APPROXIMATELY 10.4 MT COMPARED TO 11.7 MT IN 2016 DUE TO PRODUCTION LEVELS.FULL YEAR AVERAGE 2017 CASH COST OF PRODUCTION WAS APPROXIMATELY US$33 PER TONNE COMPARED TO US$29 PER TONNE IN 2016.GROUP'S AVERAGE RECEIVED PRICE IN 2017 INCREASED SIGNIFICANTLY COMPARED TO 2016.AVAILABLE LIQUIDITY AS OF 31 DECEMBER 2017 WAS CIRCA US$310M COMPARED TO US$145M AS OF 31 DECEMBER 2016.NET DEBT AS OF 31 DEC 2017 WAS APPROXIMATELY US$400M COMPARED TO US$589M AS OF 31 DECEMBER 2016.Q4 TOTAL PELLETS PRODUCED OF 2.79 MILLION TONNES VERSUS. 2.49 MILLION TONNES IN Q3.
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Dec 7 (Reuters) - Ferrexpo Plc ::ANNOUNCE A SPECIAL DIVIDEND OF 3.3 US CENTS PER SHARE.WILL TARGET SPECIAL DIVIDENDS OF ABOUT $40 MILLION PER FY TO BE PAID AT AN APPROPRIATE TIME IN ITS REPORTING CYCLE.CONTINUED TO TRADE "STRONGLY" SINCE IT ANNOUNCED HY RESULTS, ITS CASH FLOWS HAVE FURTHER REDUCED NET DEBT AND FUNDED CAPITAL EXPENDITURE.
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Nov 17 (Reuters) - FERREXPO PLC ::ANNOUNCE THAT IT HAS SIGNED A NEW SECURED THREE YEAR REVOLVING CREDIT FACILITY OF US$195 MILLION.COMMITTED CREDIT FACILITY WAS ARRANGED BY BNP PARIBAS AND INCLUDES A SYNDICATE OF SIX INTERNATIONAL LENDERS.CREDIT FACILITY WILL AMORTIZE OVER EIGHT QUARTERS WITH FINAL REPAYMENT ON 31 DECEMBER 2020 AND WILL BE USED FOR GENERAL CORPORATE PURPOSES.
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