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- Rana Gruber Enters Iron Ore Swap Contracts
Rana Gruber enters iron ore swap contracts
30 Jan 2023 09:45 CET
Issuer
Rana Gruber ASA
Rana Gruber ASA has entered into Iron Ore 62% Fe, CFR China (TSI) swap
contracts.
According to the swap contracts, Rana Gruber ASA has agreed to sell a total of
390,000mt from Q2-23 to Q1-24 at an average price of 121.47 USD/mt.
Volumes per quarter:
Q2-23: 90.000mt (avg. 123.83 USD/mt)
Q3-23: 120.000mt (avg. 122.07 USD/mt)
Q4-23: 120.000mt (avg. 120.35 USD/mt)
Q1-24: 60.000mt (avg. 119.00 USD/mt)
The swap contracts relate to physical shipments in Q1-23 to Q4-23.
Final financial settlement of these shipments will be connected with the swap
contracts.
Total volume of iron ore swap contracts after today is:
Q1-23: 150.000mt (avg. 137.58 USD/mt)
Q2-23: 180.000mt (avg. 134.53 USD/mt)
Q3-23: 120.000mt (avg. 122.07 USD/mt)
Q4-23: 120.000mt (avg. 120.35 USD/mt)
Q1-24: 60.000mt (avg. 119.00 USD/mt)
Contact
CEO, Gunnar Moe
+47 941 47 650
Gunnar.moe@ranagruber.no
CFO, Erlend Høyen
+47 902 02 741
Erlend.hoyen@ranagruber.no
About Rana Gruber ASA
Rana Gruber is a Norwegian iron ore producer established in 1964, with
operations based on more than 200 years of mining experience. The company's
products are based on natural mineral resources, which are processed and
exported to customers worldwide. Key customers include steel producers and
participants in the chemical industry. The company has about 300 employees and a
production capacity of 1.8 million metric tons of iron ore concentrates.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Rana Gruber ASA
Provider
Oslo Børs Newspoint
Company Name
RANA GRUBER ASA
ISIN
NO0010907389
Symbol
RANA
Market
Oslo Børs