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…
In January-October Ukraine exported 31.72 million tons of iron ore and concentrate valued at $2.179 billion. According to the State Fiscal Service, the share of iron ore and concentrate in the total exports was 6.2%. The largest volumes of iron ore and concentrate were exported to China – $600.559 million (27.5% of the total iron…
Black Iron intends to use loans, including from EBRD, to construct Shimanovskoye Mining and Processing Works. “Recently the bank has decided to invest $350 million into ArcelorMittal Kirviy Rih, which is close to our deposits”, the company said. The first stage of construction presupposes the GOK capacity of 4 million tons per year, and the…
In January-September Ukraine exported 29.1 million tons of iron ore raw materials, up by 2% YoY. In September exports increased by 100 thousand tons MoM, to 2.9 million tons. Imports in January-September dropped by 93% YoY, to 90 thousand tons. In September, just like in 6 months before that, Ukraine did not import iron ore…
In January-September Ukraine exported 28.75 million tons of iron ore raw materials, down by 3.8% YoY, valued at $1.96 billion, up by 54.8%. According to the State Fiscal Service, exports mostly went to China (27.39%), Slovakia (11.39%) and Austria (10.96%). At the same time Ukraine imported 204.91 thousand tons of iron ore raw materials valued…
The further fall of the world prices for iron ore threaten the operation of Ukrainian mining and processing works. According to the Federation of Ukrainian Metallurgists chairman Sergey Belenkiy, in just a week the prices have fallen by 15%, from $78 to $66 per ton. “If ore is cheaper than $60 per ton, some enterprises…
