iron ore mining - Latest news GMK Center

Northern and Central Minigs are operating steadily, while Ingulets Mining's recovery depends on the market and electricity tariffs

The company forecasts shipments of 195-205 million tonnes for FY2025/2026

The selling price of ore in April-June was $85.1/t

The forecast for the next financial year is 258-269 million tons

The company is improving efficiency through energy-saving initiatives and production optimization

The project has received the necessary permits, with first production scheduled for 2027

Government and CEO inaugurate one of Africa's largest mining projects

The space is designed to improve safety, productivity and automation in the mining industry

The project development cost amounted to $2 billion

Central Mining will save almost 500 tons of fuel annually thanks to the new railway siding

In April, the country's production of this raw material amounted to 84.7 million tons

Administrative pressure from the state has a negative impact on the performance of enterprises in the sector