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Ferrexpo returns to form

Ferrexpo’s (LN: FXPO) latest financial results have surpassed the 5% increase in iron ore prices in 2016, putting the Ukraine-focused pellet producer in the right position to resume dividends.

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Tight supply … Ferrexpo’s high-grade iron ore pellets are fetching a tasty premium

The company’s profit from continuing operations after special items jumped 491%, year-on-year, to US$189 million for 2016, as it sold a record amount of pellets, cut costs by 13%, decreased capital