Rana Gruber AS has entered into Iron Ore 62% Fe, CFR China (TSI) swap contracts.
According to the swap contracts, Rana Gruber AS has agreed to sell a total of
120,000mt in Q3-22 and Q4-22 at an average price of 130.3 USD/mt.
Volumes per quarter:
Q3-22: 60,000mt (avg. 132.05 USD/mt)
Q4-22: 60,000mt (avg. 128.5 USD/mt)
The swap contracts relate to physical shipments in Q2-22 and Q3-22.
Final financial settlement of these shipments will be connected with the swap
contracts.
Total volume of iron ore swap contracts after today is:
Q1-22: 360.000mt (avg 134.3 USD/mt)
Q2-22: 240.000mt (avg 135.8 USD/mt)
Q3-22: 90.000mt (avg. 140.2 USD/mt)
Q4-22: 90.000mt (avg. 137.9 USD/mt)
Contact
CEO, Gunnar Moe
+47 94147650
Gunnar.moe@ranagruber.no
CFO, Erlend Høyen
+47 90202741
Erlend.hoyen@ranagruber.no
Rana Gruber is a Norwegian sustainable iron ore producer and supplier
established in 1964, with operations based on more than 200 years of mining
experience. The Company's products are based on own natural mineral resources
which are upgraded and tailored for applications and exported to its customers
worldwide. Rana Gruber produces and sells iron ore concentrate, primarily
serving steel producers and participants in the chemical industry. Under the
flagship brand COLORANA, Rana Gruber produce and sells micronized iron oxides
and other dissemination of iron ore, and primarily serves paint manufactures and
participants in the building- and automotive industries. Rana Gruber has about
300 employees and a production capacity of 1.8 million metric tons of iron ore
concentrates and specialty products.