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iron ore mining - Latest news GMK Center

Photo – ArcelorMittal reduces dust and gas emissions from quarry explosions
ArcelorMittal reduces dust and gas emissions from quarry explosions

The company implements modern solutions to improve the state of the natural environment

Photo – Vale aims for annual ore production of 340-360 million tons by 2026
Vale aims for annual ore production of 340-360 million tons by 2026

In 2024, the company predicts a dense market, especially in Asia

Photo – ArcelorMittal produced 58.1 million tons of steel in 2023
ArcelorMittal produced 58.1 million tons of steel in 2023

Production of iron ore for the year amounted to 42 million tons

Photo – Vale increased iron ore production by 4.3% y/y in 2023
Vale increased iron ore production by 4.3% y/y in 2023

In the fourth quarter of 2023, the company increased ore production by 10.6% y/y

Photo – Rio Tinto increased iron ore supply by 3% y/y in 2023
Rio Tinto increased iron ore supply by 3% y/y in 2023

Raw material production increased by 2% year-on-year in 2023

Photo – India increased iron ore production to historic high in 2023
India increased iron ore production to historic high in 2023

In 2022, the production volume of this raw material amounted to 282 million tons

Photo – Vale expects to produce 310-320 million tons of iron ore in 2024
Vale expects to produce 310-320 million tons of iron ore in 2024

In 2023, the company forecasts production at the level of 315 million tons

Photo – Rio Tinto increased iron ore supply by 1% y/y in Q3
Rio Tinto increased iron ore supply by 1% y/y in Q3

In 9 months of 2023, shipments increased by 5% year-on-year

Photo – China increased iron ore production by 8% y/y in July
China increased iron ore production by 8% y/y in July

This indicator increased by 6.5% year-on-year in January-July

Photo – Fortescue increased iron ore shipments by 2% y/y in the FY2022/2023
Fortescue increased iron ore shipments by 2% y/y in the FY2022/2023

In the fourth quarter, this indicator fell by 1% year-on-year

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