iron ore mining - Latest news GMK Center

An aggressive decarbonization program helps the company save on diesel fuel

The company plans to increase production to 9.5 million tons by 2028 and is investing over $400 million

The company intends to extract 12 million tons of ore per year from the deposit

The company announced that an investigation will be conducted into the tragic incident that occurred on February 14

Iron ore production for the period amounted to 48.8 million tons

The country is focusing on developing its mining industry

In the fourth quarter, ore production increased by 6% y/y

In December, this indicator fell by 4.4% y/y

Production volumes in the Pilbara region amounted to 327.3 million tonnes in January-December

The company maintained its annual forecast but acknowledged price concessions in negotiations with China

The companies will cooperate to extract up to 200 million tons of iron ore from two adjacent sites

Conjunctural assessments indicate that the situation in the steel industry is worse than the average for Ukrainian industry