Rana Gruber ASA

Earnings Release • Jul 7, 2022

Rana Gruber ASA – Production update Q2-22

Production
1000 metric tons, except where indicated otherwise.	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Production Concentrate	393	406	435	407	399	411
Production hematite	370	383	406	378	376	385
Production magnetite	23	23	29	29	23	27
Production Colorana	1,2	1,6	1,3	1,5	1,2	1,4
Production ore	1 204	1 271	1 423	1 171	1 156	1 400
Production underground (ore)	646	717	741	643	658	726
Production open pit (ore)	558	554	682	528	498	674
Production open pit (waste rock)	1 190	1 203	1 350	1 436	1 055	1 068
Volumes sold
1000 metric tons, except where indicated otherwise.
Volume Hematite	400	383	367	362	333	381
Volume Magnetite	24	20	29	27	22	28
Volume Colorana	1,4	1,5	1,1	1,5	1,5	1,5

About Rana Gruber

Rana Gruber is a Norwegian 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. Rana Gruber also produces and sells micronised iron oxides and other dissemination of iron ore, which 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 tons of iron ore concentrates and specialised products.

Contact

CEO, Gunnar Moe +47 941 47 650 Gunnar.moe@ranagruber.no

CFO, Erlend Høyen +47 902 02 741 Erlend.hoyen@ranagruber.no