Brief: Rana Gruber Enters Iron Ore Swap Contracts

Rana Gruber ASA

10/11/2023 13:50

Nov 10 (Reuters) - Rana Gruber ASA  RANA.OL :
    * RANA GRUBER ENTERS IRON ORE SWAP CONTRACTS
    * SWAP CONTRACTS RELATE TO PHYSICAL SHIPMENTS IN Q1-24
    * FINAL FINANCIAL SETTLEMENT OF THESE SHIPMENTS WILL BE
CONNECTED
WITH SWAP CONTRACTS
    * RANA GRUBER ASA HAS ENTERED INTO IRON ORE 62% FE, CFR
CHINA
(TSI) SWAP CONTRACTS
    * RANA GRUBER HAS AGREED TO SELL TOTAL OF 120.000MT IN Q2-24
(40.000 MT PER MONTH) AT AVERAGE PRICE OF 116.05 USD/MT

Source text for Eikon:  ID:nObi7cvS2a 
Further company coverage:  RANA.OL 

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