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Rana Gruber AS ( (DE:7XH) ) just unveiled an update.
Rana Gruber ASA has reported a year of solid production and strategic progress in its 2024 Annual and Sustainability Reports. Despite challenges such as reduced activity in the European steel industry and lower iron ore prices, the company achieved strong financial results, highlighted by increased production volumes and a focus on enhancing iron content and reducing carbon emissions. The company’s long-term strategy aims to maintain profitability and competitiveness, with a target to reduce cash costs per ton. The sustainability report emphasizes Rana Gruber’s commitment to ESG initiatives, including a reduced carbon footprint, high waste sorting rates, and improvements in workplace safety and diversity.
More about Rana Gruber AS
Rana Gruber is a Norwegian iron ore producer established in 1964, with a history rooted in over 200 years of mining. The company specializes in upgrading its natural mineral resources for various uses, exporting primarily to steel producers and the chemical industry worldwide. It employs around 370 people and has an annual production capacity of 1.8 million tons of iron ore concentrate.
YTD Price Performance: -1.30%
Average Trading Volume: 151
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €225.5M
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