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Rana Gruber ASA (STU:7XH) Fixed Maturity Investment


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What is Rana Gruber ASA Fixed Maturity Investment?

Fixed Maturity Investment only applies to insurance companies.


Rana Gruber ASA (STU:7XH) Business Description

Industry
Traded in Other Exchanges
Address
Mjolanveien 29, Mo i Rana, NOR, 8622
Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.