A recently created Ukrainian Mining Company LLC intends to mine iron ore at the Severniy quarry of the Saksaganskoye deposit in Krivoy Rog, used to be developed by Mariupol Ilyich Iron and Steel Works. Terex excavators with the ladles of 7 cubic meters (or their analogues) and 55-ton BelAZ trucks (or their analogues) will be…
If the decree No. 1210 is supported by the Parliament, the industry will most likely start importing iron ore and not mining its own. “ArcelorMittal has already said they would review their policy and start importing iron ore, and not mining it in Ukraine, as it would become inefficient. The decree is bad for all…
Ukrainian steelmakers’ association Ukrmetprom says that payments of royalties from mining iron ore increased almost 5-fold from 2012 to 2018. At the same time, payments of royalties from minerals of state importance, including ore, increased only 1.6-fold, while those from crude oil production 1.1-fold. The Servant of the People Party parliamentary faction proposes a change…
In January-August Ukrainian seaports exported 16.3 million tons of iron ore raw materials, up by 36.9% YoY. In particular, the port Pivdenniy increased exports by 46.3%, to 16.1 million tons, and port Chernomorsk – 10-fold, to 181.2 thousand tons. In August export prices dropped by 20-25%, to $88-93 per ton, and exports – by 20.8%…
Deliveries of iron ore raw materials to metal companies in January-August decreased by 6% YoY, to 18.9 million tons. In August some 2.4 million tons were supplied, on par with July. There were no imports in August. Iron ore raw materials exports in August totaled 3.5 million tons. In 8 months exports grew by 12%,…
Kazakhstan mining company Eurasian Resources Group intends to implement a Bamin iron ore project in Brazil and is negotiating with several probable partners. The cost of the project is $2.6 billion, of which some $1 billion accounts for the construction of a railroad and a deep-sea port. The project was initiated in 2005, but was…
In January-August Ukraine exported 27.214 million tons of iron ore raw materials, up by 10.1% YoY, valued at $2.499 billion, up by 33%. According to the State Fiscal Service, China accounted for 32.35% of deliveries, Poland for 12.67% and the Czech Republic for 9.62%. In 8 months Ukraine imported 108 tons of iron ore raw…
In July Ukraine increased iron ore and concentrate exports by 75.7% MoM, to $391.8 million. According to the customs statistics, export volumes grew by 16.2%, to 3.5 million tons. In January-July exports totaled 23.3 million tons at $2.09 billion. The share of iron ore raw materials in the total export was 7.28%. China (27.07%), Poland…