Ferrexpo ups pellet production

Iron ore producer Ferrexpo yesterday said its pellet production is up 10.1 per cent in the first quarter compared to the same period last year. The Swiss headquartered, which mines assets in Ukraine, said production had gone up from 2,257,500 tonnes in the first quarter of 2012 to 2,485,700 tonnes in the first three months of this year. On a quarterly basis, production was ramped up 0.4 per cent. Ferrexpo, which operates the Poltava Mine, is due to announce its full first quarter results on 10 May