RANA: Potential production halt due to strike

18 Apr 2023 15:12 CEST

Mo i Rana, 18 April 2023: Following the breach in mediation between The
Confederation of Norwegian Enterprise (NHO), the Confederation of the Vocational
Unions (YS) and the Norwegian Labor Union (LO), a strike took effect from Monday
17 April. An escalation of the labour dispute has been announced from Friday 21
April 2023, involving employees at Rana Gruber ASA organised in
“Fellesforbundet”, “FLT” and “Handel og Kontor”. Unless the parties in the
ongoing labour dispute reach an agreement in the meantime, all production at
Rana Gruber will be paused.


Production will be directly impacted for the duration of the strike. The impact
on shipments and sales is mitigated by inventory.

At this point, Rana Gruber does not disclose estimates of the economic impacts
of the strike.

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
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.

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