European banks will be able to provide Black Iron with a loan of $250-300 million for the construction of a mining and processing works at the Shimanovsky ore massive near Kriviy Rih. The banks have not been named. Black Iron has been engaged in the GOK construction for almost 10 years – the asset was…
Verkhovna Rada, Ukraine’s Parliament, has adopted in the first reading the draft bill No. 1210, which presupposes the increase of iron ore mining rent. 232 members of the parliament voted in favor of the bill, 67 were against, 44 abstained and 42 did not vote. The rent is to be set at 12%, which is…
President Gurbanguly Berdymuhamedov has tasked the government with construction of a metal works. Vice Prime Minister on oil and gas complex Myrtgeldy Meredov has noted that large deposits of iron ore have been discovered on the territory of the Balkan region. Berdymuhamedov ordered the government to construct a mining works to process iron ore. (Ukrainian…
In January-October Ukraine produced 134 million tons of non-sintered iron ore, down by 0.1% YoY. In particular, in October 13.3 million tons of ore were mined, up by 1.2% YoY. At the same time manufacture of non-sintered iron ore concentrate grew by 4.9%, to 52.8 million tons, while of sintered dropped less than by 0.1%,…
Black Iron has reached an agreement with the government of Ukraine to receive a land plot for the construction of a new mining and processing works near Krivoy Rog. A corresponding memorandum of understanding has been signed with the Ministry of Defense. The ministry agreed to provide the Canadian company with 1236 ha of lands…
In January-October Ukrainian seaports exported 20.7 million tons of iron ore, up by 36.8% YoY. Transit grew by 153.4%, to 3.7 million tons. Port Yuzhniy exported the lion’s share of ore – 17.6 million tons, up by 43.6%. (Ukrainian metal)
In October Ukraine exported 2.86 million tons of iron ore raw materials, down by 4% MoM. In 10 months exports grew by 8%, to 33.25 million tons. In October metal companies received 2.4 million tons of raw materials, up by 14%. In 10 months deliveries dropped by 3%, to 23.9 million tons. Iron ore concentrate…
In January-September Ukrainian ports transshipped 18.3 million tons of iron ore raw materials, up by 35% YoY. At the same time export growth rate in September dropped by almost 2%. In 8 months transshipment grew by 36.9% YoY, to 16.3 million tons. Yuzhniy port increased throughput by 43%, to 15.5 million tons and port Chernomorsk…
