Earnings Release • Oct 5, 2023
Earnings Release
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Rana Gruber ASA – Production update Q3-23
Rana Gruber has today published the production update for the third quarter of 2023.
The concentrate production of the third quarter was 503.000 metric tons, up from 469.000 metric tons last year. This quarter is the best in Rana Gruber's history and continues the trend of good production from previous quarters.
Volume sold of hematite was 429.000 metric tons, which corresponds to seven shipments.
Final settlement of these shipments will be in October (1), November (3) and December (3).
As previously announced, one shipment was sent to China. Final settlement for this shipment will be in December.
See attachment for details.
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.
Contact
CEO, Gunnar Moe
+47 941 47 650
CFO, Erlend Høyen
+47 902 02 741
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