23
Apr
16:21
Ferrexpo mulls output increase on looming pellet shortage
Ukraine-based Swiss headquartered iron ore pellet producer Ferrexpo increased its capital expenditure in 2018 by 31% on-year to $135 million, including on its Concentrate Expansion Programme 1 (CEP1). This will enable an approximately 13% output increase to 12 million tonnes in 2021, the company says in a note seen by Kallanish.
But the company also has the potential to increase its iron ore pellet output up to 20m t/y. Its 2019 capex will increase to $220-300m,…
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