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HVL
HVL
HVL - Highveld Steel and Vanadium Corporation Limited - Third Quarter
Operational Results
Highveld Steel and Vanadium Corporation Limited
Registration No. 1960/001900/06
(Incorporated in the Republic of South Africa)
(the Corporation)
Share code: HVL
ISIN code: ZAE000003422
THIRD QUARTER OPERATIONAL RESULTS
Following the reporting policy of the holding company to release quarterly
operational information, the Corporation hereby releases its results as follows:
PRODUCTION VOLUMES
Unit of 3Q 2008 3Q 2007 3Q 2008 2Q 2008 3Q
measure versus 2008
3Q 2007 versus
percen 2Q
tage 2008
change percen
tage
change
Steel segment
Hot metal Tons 4.9 1.6
202,581 193,035 199,486
Continously Tons 2.0 2.1
cast blocks 214,179 209,945 209,747
Sections Tons 3.0 (3.4)
78,817 76,539 81,633
Plates Tons 36.9 19.7
62,136 45,403 51,925
Coil Tons (33.9) (33.5)
35,118 53,123 52,775
Vanadium slag Kg V2O5 10.6 11.9
3,865,929 3,496,983 3,455,224
Internal Kg V2O5 8.3 28.0
consumption 3,414,678 3,153,986 2,668,409
Fines ore Tons
(note 1) 46,750 - - - -
Vanadium
segment (note
2)
Vanadium Kg V2O5 (25.4) (26.4)
oxides 1,553,250 2,081,394 2,110,774
(Vanchem)
Internal Kg V2O5 (19.6) (33.0)
consumption 608,906 757,384 908,322
Ferrovanadium Kg V (4.2) 8.6
1,604,307 1,674,215 1,476,616
AVERAGE
SELLING
PRICES
3Q 2008 3Q 2007 3Q 2008 2Q 2008 3Q
versus 2008
3Q 2007 versus
percent 2Q
age 2008
change percen
tage
change
Steel segment
Total Steel $/ton 54.5 22.1
1,151 745 942
Vanadium slag $/Kg 138.6 (0.5)
V2O5 21 9 21
Fines ore $/ton
(note 1) 102 - - - -
Vanadium
segment (note
2)
Vanadium $/Kg 99.6 31 (1.6)
pentoxide V2O5 31 15
(Vanchem)
Ferrovanadium $/Kg V 89.8 1.6
65 34 64
Vanadium $/Kg 108.9 15.6
chemicals V2O5 31 15 27
Average
exchage rate 7.79 7.11 7.77
Notes:
1) External production of fines ore are only reported from 30 August 2008,
following the disposal of the Vanchem division. Previously all fines
production was consumed internally.
2) Operational results for the Vanchem division are shown up to 29 August
2008, the effective date of disposal.
15 October 2008
Sponsor:
J.P. Morgan Equities Ltd
Date: 15/10/2008 12:30:01 Produced by the JSE SENS Department.
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