2016 Full Year Results

2016 FULL YEAR RESULTS

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Who we are

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It is the 6th largest seaborne pellet producer and has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 35 years. Ferrexpo’s resource base is one of the largest iron ore deposits in the world.

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Cost discipline

We believe we are a competitive cost producer of iron ore concentrate on a global basis with one of the lowest pelletising costs in the industry.  This has enabled us to sustain profitability in periods of downturn, maintaining positive operating cash flows each quarter since 2006.

The cornerstone of our cost reduction strategy is to maximise production and to continually implement efficiency enhancements through our Business Improvement Programme. We have also made significant progress in reducing our cost of shipping to seaborne customers further enhancing our competitiveness with our global peer group.