Ormet has started preparing the territory of the Luchistoye deposits for the quarry construction. In August the company will construct electricity lines, a substation and inner power grid. Investments into power infrastructure will total 2 million rubles. Equipment for the substation will cost around 4.6 million rubles. The first power objects will be commissioned in…
In June Russia transported 9.4 million tons of ore, up by 2.2% YoY, and the highest result for the past 10 years. In January-June ore transportation decreased by 0.5% YoY, to 54.6 million tons. Local transportation grew by 4%, while exports dropped by 6% YoY. The main drop was seen in the exports to Ukraine…
In June Ukraine produced 5812.6 thousand tons of iron ore raw materials, down by 263.8 thousand tons MoM. The average daily output dropped by 8.4 thousand tons, to 125.6 thousand tons. In January-June Ukraine produced 35 million tons of iron ore raw materials, down by 2 million tons YoY. Deliveries of local raw materials to…
Black Iron (Canada) intends to prepare a new feasibility study of the project to create the iron ore concentrate manufacture at the Shimanovskoye deposits in Dniepropetrovsk region. The company has attracted BBA Inc. to prepare the study. The document is expected to be complete at the end of the year. “The current exchange rate has…
In January-June Ukraine exported 20.5 million tons of iron ore raw materials, up by 2% YoY. Imports decreased by 92%, to 90 thousand tons, with no iron ore raw materials imports in June. In H1 Ukrainian metal companies received 12.1 million tons of local iron ore raw materials, down by 14% YoY. In 2016 Ukraine…
In January-June Kazakhstan mined 19.07 million tons of iron ore, up by 10.4% YoY. According to the Ministry of the national economy, copper ore output totaled 48.528 million tons, up by 36.3% YoY, gold-containing ore – 8.733 million tons, down by 1.8%, chromium concentrate – 2.208 million tons, up by 11.1%. Kazakhstan holds the 7th…
In January-June Ukraine exported 19.303 million tons of iron ore and concentrate valued at $1.362 billion. According to the State Fiscal Service, iron ore share in the total exports was 6.6%. China imported $388.128 million worth of iron ore and concentrate (28.5%), Poland – $145.155 million (10.6%), the Czech Republic – $145.109 million (10.6%). Other…
In May average Ukrainian export price of iron ore decreased by 24% MoM, to $59.1 per ton, while exports grew by 4%, to 3.7 million tons. In January-May iron ore exports dropped by 11% YoY, to 15.7 million tons. Deliveries to local metal works in May increased by 1% MoM, to 2.694 million tons. In…