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RUUKKI GROUP'S MECKLENBURG MINE FULLY COMMISSIONED

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Post# of 301275
Posted On: 07/12/2013 2:45:17 AM
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Posted By: News Desk 2018
RUUKKI GROUP'S MECKLENBURG MINE FULLY COMMISSIONED

07:30 London, 09:30 Helsinki, 12 July 2013 - Ruukki Group Plc, Stock Exchange Release RUUKKI GROUP'S MECKLENBURG MINE FULLY COMMISSIONED Ruukki Group Plc ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) announces that the Mecklenburg opencast mine in South Africa has been fully commissioned. The mining operations currently produce 25,000 metric tons of chrome ore monthly, all of which is sold into the market as a run of mine product. The Company expects to maintain this level of production and at these levels, it is estimated that the open cast mining is completed at the end of 2014, after which the Company will evaluate the possibility to continue operations underground. The Company acquired the Mecklenburg mining right as part of the acquisition of the Chromex Plc in joint venture with Kermas Limited in 2010. The Mecklenburg mining right is located in the Magisterial District of Sekhukhune, Limpopo Province, South Africa. The mining right is held by Chromex Mining Company (Pty) Ltd ("Chromex"), a 37.74% owned subsidiary of Ruukki. The mining right has been granted for mining of chrome ore and is valid till June 2018. Chromex entered into a lease agreement with the owners of the Mecklenburg farm, the Magadimana Ntweng Traditional Community, during the second half of 2012 and the establishment of the open cast mine commenced shortly thereafter. RUUKKI GROUP PLC Danko Koncar CEO For additional information, please contact: Ruukki Group Plc Danko Koncar, CEO, +44 (0)20 7376 1175, danko.koncar@ruukkigroup.com Investec Bank Plc George Price, +44 (0)20 7597 5970, george.price@investec.co.uk Ruukki Group is a chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferroalloys business in southern Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI). www.ruukkigroup.com Distribution: NASDAQ OMX Helsinki London Stock Exchange main media www.ruukkigroup.com [HUG#1716065]



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