The new major shareholder of Petropavlovsk – the Kazakh businessman Kenes Rakishev intends to make the company sell its 31% stake in the iron ore IRC. The company share is estimated at $65 million, while the total debt of IRC of $233.75 million is the ICBC project financing with Petropavlovsk guarantees. The money was borrowed…
In 2017 Ukraine exported 37.409 million tons of iron ore raw materials and concentrate valued at $2.588 billion, down by 4.6%, but up by 41.6% YoY respectively. According to the State Fiscal Service, iron ore share in the total export was 5.9%. The largest importer of Ukrainian iron ore raw materials last year was China…
In November average daily output of iron ore raw materials increased from 132.1 thousand tons to 150.1 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, in November Ukraine produced 6234 thousand tons of iron ore raw materials, up by 303.7 thousand tons MoM. Since the start of the year output has decreased by 1.46 million…
In November Ukraine exported 2721 thousand tons of iron ore raw materials, down by 8.3% YoY, or by 247 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, since the beginning of the year Ukraine has exported 34.4 million tons of iron ore raw materials, down by 1.5 million tons YoY. Deliveries to Slovakia increased the…
The state enterprise Ukrpromvneshexpertisa forecasts that export prices of Ukrainian suppliers of iron ore raw materials in December will fall by over 10%. “The fall will be the result of the Chinese indexes dynamics with a certain time lag. On the local market prices could grow due to the favorable situation on the rolled metal…
Shenzhen delegation visited the Kargalinsk district of Aktobe region. Chinese businessmen were presented the project of iron and nickel ore development at the Velikhovskoye iron ore deposits. Investors showed their interest in long-term cooperation with the district in deposits developing. Having signed the memorandum of cooperation the investors noted that a special group would analyze…
In October Russian Railroads transported 8.9 million tons of iron ore, on the level of the year start. Since the beginning of the year some 91.3 million tons of ore have been transported, down by 0.2% YoY. Exports continued decreasing due to the growth of local consumption. The largest decrease in exports was in the…
Black Iron Inc. (Canada) has finished the new feasibility study for the construction of the Shimanovsky Mining and Processing Works in Kriviy Rih valued at $748 million. According to the document, the construction of the mine and the works will be carried out in 2 stages. The capacity of the first stage will be 4…