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iron ore mining - Latest news GMK Center

Photo – Rio Tinto reduced ore production by 1% y/y in 2024
Rio Tinto reduced ore production by 1% y/y in 2024

Shipments in this period amounted to 328.6 million tons

Photo – Sukha Balka produced 1 million tons of ore in 2024
Sukha Balka produced 1 million tons of ore in 2024

Commercial production amounted to 917 thousand tons

Photo – A new MD-12 deslimer was installed at the Central Mining for over UAH 11 million
A new MD-12 deslimer was installed at the Central Mining for over UAH 11 million

Equipment upgrade at the concentrator will increase production efficiency

Photo – Sukha Balka commissioned new facilities with reserves of 115 thousand tons
Sukha Balka commissioned new facilities with reserves of 115 thousand tons

Mining is carried out using high-performance loading and delivery machines

Photo – Ukraine’s steel sector is preparing for another challenging year
Ukraine’s steel sector is preparing for another challenging year

2025 promises to be a difficult year for the Ukrainian steel industry due to a combination of internal and external challenges

Photo – Iron ore exploration expenditures in Australia reach peak in 10 years
Iron ore exploration expenditures in Australia reach peak in 10 years

In the third quarter of 2024, they amounted to $134.9 million, growing by 9.7% year-on-year

Photo – Ukraine’s iron ore exports to decline by 15% in 2025
Ukraine’s iron ore exports to decline by 15% in 2025

Producers face rising costs and market volatility

Photo – Central Mining is increasing production and will reach 100% capacity by the end of 2024
Central Mining is increasing production and will reach 100% capacity by the end of 2024

Despite the challenges of wartime, Central Mining demonstrates stable development and achievements

Photo – LKAB and Statkraft deepen cooperation in onshore wind energy
LKAB and Statkraft deepen cooperation in onshore wind energy

The partnership aims to develop wind energy to ensure a sustainable future and energy independence

Photo – China’s Baosteel expects Simandou mine to start production by 2025
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

Photo – LKAB reduced iron ore production by 12% y/y in January-September
LKAB reduced iron ore production by 12% y/y in January-September

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

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

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