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HVL
HVL
HVL - Highveld - Fourth Quarter Operational Results
HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED
Registration No. 1960/001900/06
(Incorporated in the Republic of South Africa)
("Highveld" or "the Corporation")
Share code: HVL
ISIN: ZAE000003422
FOURTH QUARTER OPERATIONAL RESULTS
Following the practice of the holding company to release quarterly operational
information, Highveld hereby release its results as follows:
PRODUCTION VOLUMES
Steel Unit of Fourth Fourth Fourth Third Fourth
segment measure Quarter Quarter Quarter Quarter Quarter 2008
2008 2007 2008 2008 versus Third
versus Quarter 2008
Fourth % change
Quarter
2007 %
change
Hot metal Tons 154,011 188,317 (18.2) 202,581 (24.0)
Continuously Tons 168,554 202,151 (16.6) 214,179 (21.3)
cast blocks
Sections Tons 61,301 74,425 (17.6) 78,817 (22.2)
Plates Tons 46,143 52,926 (12.8) 62,136 (25.7)
Coil Tons 27,969 47,353 (40.9) 35,118 (20.4)
Vanadium Kg V2O5 3,323,19 3,404,9 (2.4) 3,865,929 (14.0)
slag 3 70
Internal Kg V2O5 3,012,28 2,744,3 9.8 3,414,678 (11.8)
consumption 5 19
Fines Ore Tons 130,225 - 100.0 46,750 64.10
(note 1)
Vanadium
Segment
Ferrovanadiu Kg V 1,122,01 1,884,3 (40.5) 1,604,307 (30.1)
m 2 07
AVERAGE SELLING PRICES
Steel Unit of Fourth Fourth Fourth Third Fourth
segment measure Quarter Quarter Quarter Quarter Quarter
2008 2007 2008 2008 2008
versus versus
Fourth Third
Quarter Quarter
2007 % 2008 %
change change
Total Steel $/ton 914 768 19.1 1,151 (20.5)
Vanadium $/Kg V2O5 13 9 47.2 21 (37.6)
slag
Fines ore $/ton 42 - 100.0 102 -
(note 1)
Vanadium
Segment
Ferrovanadi $/Kg V 44 37 19.4 65 (32.2)
um
Average R/$ 9.96 6.82 46.0 7.79 27.9
exchange
rate
Note:
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.
23 January 2009
Sponsor: J.P. Morgan Equities Limited
Date: 23/01/2009 15:00:05 Produced by the JSE SENS Department.
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