In November the First Cargo Company transported 1.5 million tons of iron ore, up by 18% YoY. Northern Railroad increased transportation by 10%, to 59 thousand tons, Sverdlovsk – by 15%, to 36 thousand tons, Krasnoyarsk – 3-fold, to 11 thousand tons, Zabaikalye – 21-fold, to 14 thousand tons and Far Eastern – by 26%,…
In November Ukraine exported 3.34 million tons of iron ore and concentrate, up by 7.75% YoY. According to the customs information, in 11 months exports grew by 8.23%, to 36.6 million tons. In monetary terms exports increased by 21.5%, to $318.2 million. The iron ore raw materials share in the exports in November totaled 6.92%.…
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)
