Rana Gruber ASA has entered Iron Ore 61% Fe, CFR China (TSI) swap contracts.
Rana Gruber ASA has agreed to sell 45.000 mt per month in Q2-26 at an average price of 101,25 USD/mt (total of 135.000 mt).
The swap contracts relate to physical shipments in Q1-26. Final financial settlement of these shipments will relate to these swap contracts.
Total volume of iron ore swap contracts after today is:
• Q4-25: 225.000 mt (avg. 103.5 USD/mt) – Fe62
• Q1-26: 180.000 mt (avg. 101.0 USD/mt) – Fe61
• Q2-26: 180.000 mt (avg. 101.2 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.