[www.ferro-alloys.com] MARCH 2016 QUARTERLY PRODUCTION AND MARKET UPDATE

The Board of OM Holdings Limited ("OMH" or "the Company") is pleased to provide the following update.

HIGHLIGHTS

OPERATING PERFORMANCE

OM SARAWAK (75%, Samalaju, Malaysia)

• Ferrosilicon produced during the March 2016 quarter of 30,643 tonnes, an increase of approximately 103% over the corresponding quarter in 2015
• Achieved a production average of 58.59 tonnes of ferrosilicon per furnace per day, which exceeded the furnace design capacity of 55 tonnes per furnace per day
• Ferrosilicon sales of 25,155 tonnes for the March 2016 quarter

  EXPLORATION AND MINING (OMM, 100% owned Bootu Creek Manganese Mine)

• There was no mining and production activity carried out for the March 2016 quarter

  MARKETING AND TRADING, AND MARKET UPDATE

• 282,787 tonnes of third party ores and alloys were transacted during the March 2016 quarter
• China's crude steel production between January to March 2016 amounted to 191.7 million tonnes, representing a 1.07% quarter-on-quarter decrease
• World crude steel production for the March 2016 quarter was 385.4 million tonnes, representing a 0.24% quarter-on-quarter decrease.

Article from Internet for Reference only 

• [Editor:Sophie]