iron ore mining - Latest news GMK Center

The machines will be used at the new production facilities of the mine and in the Yuvileyna mine

For about 5 months, miners were preparing for the launch of a new production capacity with difficult geological and mining conditions

The country's authorities and the company's shareholders agreed on the working conditions. Production is expected to begin in March 2023

The main facilities of the enterprise have been idle since the beginning of December 2022

The company ended the first half of last year with a net loss of $1.69 billion

The production of sinter ore for January-February 2023 decreased by 50.3% y/y

Over the past year, the company invested more than UAH 20 million in new mining equipment, in particular, mine cars and loading machines

The new block 28-30+10 at the horizon of 1420 m has reserves of raw materials at the level of 126 thousand tons

The company has already resumed the work of the Northern and Ingulets Minings, which had been idle since July 2022

In 2022, the companies created a joint venture to develop the Western Range project

Bureaucracy and disruptions in the delivery of equipment hinder the increase in the capacity of the mining complex in Mexico

At the initial stage, iron ore production will amount to 2 million tons per year