iron ore mining - Latest news GMK Center

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

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

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

The total amount of the contract is about $110 million

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

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

World trade in iron ore in 2023 was 1.6 billion tons

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

During this period, ore production amounted to 259.7 million tons

The company will specialize in evaluating the efficiency of the new direct iron recovery technology

Iron ore extraction is scheduled to begin in 2025

The funds will be directed to the development of railway and port infrastructure