iron ore mining - Latest news GMK Center

Unified management of the three plants has reduced costs and increased productivity

In the third quarter, the company increased its revenue by 41% y/y, despite a loss of 2.4 billion kronor

During September, raw material production amounted to 761.43 million tons

At the same time, pellet production decreased due to a decline in demand for high value-added products

Total production increased by 5% year-on-year

Production volumes in the Pilbara region amounted to 84.1 million tons in July-September

At the Yuvileina mine, preparation of blocks at depths of -1,420 and -1,340 meters with an average iron content of over 59% has been completed

The project will maintain the West Angelas hub's capacity at 35 million tons per year and create more than 1,500 jobs

Japanese steel producer forms joint venture with Champion Iron and Sojitz to develop deposit

The investment amounts to AUD 1.4 billion

At the same time, the company has obtained a license to expand the Serra Sul project

This step will add approximately 15 million tons to the company's total ore production