Rana Gruber ASA - Rana Gruber enters iron ore swap contracts

13 Jan 2026 09:05 CET

Rana Gruber ASA has entered Iron Ore 61% Fe, CFR China (TSI) swap contracts.

Rana Gruber ASA has agreed to sell 60.000 mt per month in Q3-26 at an average
price of 105.8 USD/mt (total of 180.000 mt).

Rana Gruber ASA has agreed to sell 60.000 mt per month in Q4-26 at an average
price of 104.9 USD/mt (total of 180.000 mt).

The swap contracts relate to physical shipments in Q2-26 and Q3-26. Final
financial settlement of these shipments will relate to these swap contracts.

Total volume of iron ore swap contracts after today is:
• Q1-26: 180.000 mt (avg. 101.0 USD/mt) – Fe61
• Q2-26: 180.000 mt (avg. 101.2 USD/mt) – Fe61
• Q3-26: 180.000 mt (avg. 105.8 USD/mt) – Fe61
• Q4-26: 180.000 mt (avg. 104.9 USD/mt) – Fe61


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 370 employees and a
production capacity of 1.8 million metric tons of iron ore concentrates.

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