Rana Gruber ASA

This week, Rana Gruber had the privilege of participating in the Fastmarkets International Iron Ore & Green Steel Summit 2024! 🌍 Our CEO, gunnar moe, represented us with distinction, taking part in a panel debate on "Long Term Iron Ore Strategies in Light of Steel Decarbonisation." It was an invaluable opportunity to exchange insights and discuss sustainable strategies with industry leaders. At Rana Gruber, we are committed to contributing to the sustainable future of the mining and steel industries, and Gunnar's participation underscores our dedication to innovation and green practices. 🌱

Rana Gruber ASA og Helgeland Kraft går sammen for å se på mulighetene for å bygge et solcelleanlegg på tidligere massedeponier. Bakgrunnen for prosjektet er Rana Grubers uttalte ambisjon om å bli verdens første CO2-frie jernmalmgruve! Vi samarbeider på flere områder og ser en enorm verdi av at to store aktører på Helgeland går sammen om å forsøke å realisere fremtidsrettede løsninger for økningen av fornybar kraftproduksjon på Helgeland⚡ Foto: Bjørn Leirvik Fra venstre: Frode Valla Seniorkonsulent Forretningsutvikling i Helgeland Kraft Utvikling , gunnar moe Administrerende Direktør i Rana Gruber ASA og Joachim Karlsen Daglig Leder Helgeland Kraft Utvikling. https://lnkd.in/dSU5RqNn

📈 First quarter key Highlights: 🔹 Strong Production: Achieved a significant milestone with 470,000 metric tons of iron ore concentrate produced, up from 434,000 metric tons in Q1 2023. This includes a notable increase in hematite quality and volume. 🔹 Consistent Dividends: The Board of Directors declared a quarterly dividend of NOK 1.29 per share, continuing our tradition of consistent returns to our shareholders for 13 consecutive quarters. 🔹 Financial Performance: Despite lower iron ore prices, we maintained a solid net profit of NOK 134 million and an adjusted net profit of NOK 68 million. Our EBITDA stood at NOK 55.7 million. 🔹 Sustainability Efforts: Proud of our advancements in sustainability, including the publication of our 2023 Environment and Sustainability report. We continue to lead in reducing carbon emissions, with 7.17 kg of CO2 per ton of concentrate produced.

Vi er glade for at Jernbanedirektoratet i sin konseptvalgutredning har trukket frem strekningen Mo i Rana - Ørtfjellmoen som en av strekningene som bør prioriteres når jernbanenettet skal elektrifiseres

Our CEO gunnar moe will be speaking at the International Iron Ore & Green Steel Summit 2024 on June 24-26. #FastmarketsIIO

We are excited to announce significant enhancements to the Rana Gruber ASA Board following our General Meeting on April 11. Welcoming new board members Lars-Eric Aaro, Ane Nordahl Carlsen, and Simon Matthew Collins, each bringing their distinct expertise to guide our strategic directions. Their collective experience in the mining and industrial sectors will strengthen our board as we embark on a critical phase of growth and innovation in our 60th anniversary year. We are poised for exciting developments ahead and look forward to achieving new milestones with our enhanced board.

Yesterday, we had the privilege of attending DNB's Nordic Small and Medium Enterprises Conference in Bjørvika, where we had the opportunity to showcase Rana Gruber, engage in one-on-one meetings, and deepen our connections with several companies listed on the Oslo Stock Exchange. Grateful for the invitation and the enriching experience.

Yesterday, Rana Gruber proudly published its Annual and Sustainability Report for 2023, showcasing our ongoing commitment to Environmental, Social, and Governance (ESG) practices, steering the industry towards a sustainable future. 🌍 Environmental Progress: Reduced CO2 emissions from our operations by 11% (Scope 1 and 2), with emissions per ton of iron ore concentrate down to 7.17 kg - a 15.3% decrease compared to 2022. Made strides towards our ambition of becoming the world's first carbon-free iron ore producer by integrating six heavy electric machinery units into our operations, marking a significant step in our electrification journey. 🤝 Social Initiatives: Increased female representation in our workforce to 65 employees, constituting 17% of our total staff, reinforcing our commitment to diversity and inclusion. Maintained a safe and reliable workplace, prioritizing the health and safety of our employees above all else. 📈 Governance and Responsibility: Upheld stringent ethical standards and transparency in conducting business, aligning our practices with our ambitious sustainability objectives. Engaged in meaningful dialogues with stakeholders, including local communities, authorities, and industry peers, to foster mutual growth and sustainability. 💡 Future Outlook: Looking ahead, Rana Gruber remains steadfast in our mission to minimize environmental impact, support our employees, and contribute positively to our community. Our journey towards carbon-free production and sustainable mining continues, with innovative projects and partnerships on the horizon. Join us as we lead the charge towards a sustainable future, embracing challenges and opportunities to make a meaningful difference for our planet and society.

Visste du at vår CEO gunnar moe tidligere var en meget habil sprinter? Bli bedre kjent med Gunnar gjennom Rana Blads podkast Ke de går?

Rana Gruber ASA reported a robust financial performance throughout Q4 2023, marking 12 consecutive quarters with dividends. This accomplishment underscores our commitment to delivering value to our shareholders consistently.