iron ore mining

pinsentmasons.com
China’s Baosteel expects Simandou mine to start production by 2025

The project with a capacity of 120 million tons will contribute to the green transformation of steel industry

facbook.com
LKAB reduced iron ore production by 12% y/y in January-September

Raw material supplies to customers decreased by 19.1% y/y

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BHP increased iron ore production by 2% y/y in July-September

The production forecast for the 2024/2025 financial year remained at the level of 255-265.5 million tons

metinvest.media
Central Mining allocated UAH 2.4 million to update the equipment of the crushing plant

The company replaced the grinding cone of the KKD 1500/180 crusher

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China increased iron ore production by 4.1% y/y in January-August

In August, the indicator fell by 16% y/y

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Vale has raised its iron ore production forecast for 2024

The company updated its expectations despite the decline in prices on the global market

bloomberg.com
Rio Tinto ordered equipment for the Simandou project from China’s XCMG

The total amount of the contract is about $110 million

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Fortescue shipped 191.6 million tons of ore in FY2023/2024

Production of iron ore in the specified period amounted to 216.9 million tons

inbusiness.kz
Kazakhstan increased iron ore production by 22% y/y in the first half of the year

During the period, the volume of extracted raw materials reached 28 million tons

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The global iron ore market is expected to have a surplus by 2030

World trade in iron ore in 2023 was 1.6 billion tons

vale.com
Vale increased iron ore production by 2.4% y/y in Q2

The company expects to reach the upper end of its 2024 production forecast

shutterstock.com
BHP achieved its iron ore production targets in FY2023/2024

During this period, ore production amounted to 259.7 million tons

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