The Kemerovo region adopted a local decree “On taxation of organizations that mine iron ore”. Because of the iron ore price drop, the mining in the region has been on the brink of profitability for the past couple of years. The regional MPs decided to decrease the tax burden of the ore-miners. From 2013 to…
After a 6-months idleness Metal-group has resumed iron ore extraction at its Yakovlevsky mine in Belgorod region. By March almost all employees have to be engaged in the work. Annual ore output is expected to increase to 100 thousand tons. Since February 1, the operation started in limited volume, with 55% employees working. (Ukrainian metal)
In 2016 Lemtrans transported 60.2 million tons of various cargoes by rail in total. Coal and iron ore account for the biggest share of shipped cargo. In particular, the company transported 24.72 million tons of coal and 19.94 million tons of iron ore. The biggest growth was seen in the transportation of coke: a 46.8%…
Mikhail Spektor has been appointed the president of Black Iron to speed up the implementation of iron ore extraction and processing project in Ukraine. According to the company statement, up till September 2015, he has been the president of the VS Energy. Spektor will be responsible for obtaining all the necessary permits from the government…
In 2016 Ukraine exported 37.7 million tons of iron ore raw materials, down by 7.8 million tons YoY. According to the state enterprise Ukrpromvneshexpertisa, the largest drop in exports was to China – by 9.6 million tons. This market is the farthest and the less competitive for Ukrainian suppliers. On the other hand, Serbia and…
In January Ukrainian mining companies exported 2.542 million tons of iron ore raw materials (IORM) valued at $189.171 million, down by 28.1% but up by 76.3% YoY respectively. According to the State Fiscal Service, China was the largest importer of IORM (18.74%), followed by Poland (13.39%) and Austria (12.72%). IORM imports in January totaled 72.299…
In 2016 the Federal Cargo Company transported 15.6 million tons of ore, up by 30% YoY. The largest volumes were carried from KMAruda to Tulachermet, and then exported through Russian and Baltic ports. The increase in ore transportation was noted at the Krasnoyarsk (by 146% YoY), Sverdlovsk (by 117%), Zabaikalsk (by 107%), Northern (by 76%),…
In 2016 Ukraine exported 39.2 million tons of iron ore raw materials, down by 6.5 million tons YoY. “Iron ore raw materials exports in December 2016 dropped by 22 thousand tons, to 3223 thousand tons”, the state enterprise Ukrpromvneshexpertisa expert Dmitry Zheltyakov said. Last year Japan increased imports by 535 thousand tons YoY, Serbia –…