Investor Presentaiton
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OPTIMIZING OUR ASSET
The Company has previously outlined a growth strategy
focusing on improving realised FOB price and lower
operating costs. The key elements of this strategy are:
■Improved product quality - lowering Silica.
Lowering freight costs through loading Cape size
vessels.
Doubling production volumes via a brownfields
expansion of the Sydvaranger operation.
Spending on these projects has been heavily reduced
during the last 6 months but some progress continues to
be made:
■ An improvement in quality with an expected 0.5-1.0%
reduction in silica content expected in 2014.
Work continues on the environmental critical path for
the brownfields expansion project.
The upgrading of the port is on hold while the company
continues to pursue attractive European sales options.
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