Energy

If royalties go up, ArcelorMittal Kryvyi Rih may abandon a plan to $1 billion in new production,

Thursday, June 24, 2021

Mauro Longobardo, the company CEO, tells Ekonomichna Pravda “[If royalties go up] it creates an additional financial burden in the production of iron ore and runs counter to the possibility of investing $1 billion,” he said.

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Metinvest and ArcelorMittal object to the Rada’s move to raise royalties on iron mined in Ukraine.

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