Ukraine is rapidly losing its export positions amid the ongoing crisis in the mining sector. After Ukraine’s remarkable recovery in iron ore exports in early 2024, boosted by the opening of the sea corridor, Ukraine’s MMC sector reached nearly 50% of its pre-war levels. However, t... #IronOre #IronOreExport #MiningUkraine #UkraineExport
The US-Ukraine mineral resources agreement provides the $1.2B Black Iron ore project a boost. Canadian mining company Black Iron Inc., which operates the Shymanivske iron ore project, has supported the signing of a joint mineral resources agreement between Ukraine and the US, hoping that the d... #BlackIron #InvestmentsinUkraine #IronOre #MineralAgreement #MIningMineralsUkraine #ShymanivIronOreDeposit
Metinvest is doubling its investment in iron ore assets and allocating a substantial amount of funds toward developing renewable energy. In 2025, Metinvest Group plans to invest ₴5.7B ($135M) in the development of the Kryvyi Rih mining and processing plants. Compared to 2024, the company will increase its investment in iron ore assets ... #EnergyIndependence #investments #IronOre #MetallurgyUkraine #Metinvest #MiningIndustry
Canada’s Black Iron has secured land in the Dnipropetrovsk region to develop the Shymanivske iron ore project. Canadian iron ore exploration and development company Black Iron has signed a multi-year agreement with the city of Kryvyi Rih to lease 248 hectares of land. This area is critical for completing the r... #BlackIron #investments #IronOre #IronOreMining #mininginukraine #ShymanivIronOreDeposit
A Polish broad-gauge operator expands in anticipation of the post-war boom in traffic to Ukraine. Polish company PKP Linia Hutnicza Szerokotorowa, part of the state-owned PKP group that operates a nearly 400-kilometer broad-gauge railway connecting with Ukraine, is investing in expanding and moder... #IronOre #Poland #PolishPKP #RailwayInfrastructure
Ukraine is among the top ten countries in terms of essential mineral deposits, and Russia is fighting for them. According to the director of the National Association of Extractive Industries of Ukraine, Ksenia Orynchak, these deposits include titanium ores, kaolin, iron ore, and graphite, and Russia started thi... #IronOre #MineralDepositsUkraine #MiningIndustry #naturalgraphite #TitaniumUkraine
Russian oligarch’s iron ore becomes the Ukrainian property. The Bureau of Economic Security of Ukraine transferred almost 170,000 tons of iron ore with an estimated value of UAH 1.8B to the National Agency for Identification, Search and Asset Management, the b... #AlisherUsmanov #IronOre
The EU expects Ukraine to export more grain, but receive iron ore. While the ports are blocked, the Ukrainian agricultural sector is trying to develop new export logistics by rail, road, and river across the border with EU countries. The average daily volume of rail... #grainexport #IronOre #IronOreExport #UkraineExport
Iron ore prices have fallen to an annual low due to weak demand from China. For the first time in almost a year, iron ore futures in China fell below 600 yuan ($93.75) per ton due to weak supply conditions and poor demand forecasts. It is noted that ore supplies from Australi... #IronOre #IronOredemandinChina #IronOrePrices #IronOrePricesFall
Ukraine’s iron ore exports are down 3.5% this year by volume, but revenues are double – to $4.7 billion, reports the State Customs Service. Of the 26 million tons exported through July, China took 46%, the Czech Republic took 9.5%, and Austria took 8%. #IronOre #IronOreExport #IronOrefromUkraine #UkraineexportsIronOre
Although iron ore exports were down 8%, to 14.2 million tons, earnings from Ukraine’s iron ore sales almost doubled, reaching $2.3 billion . With mines in Brazil and South Africa closed due to Covid-19 infections among staff, the world price of a ton of iron ore has jumped from $40 to $200, wrote Oleksandr Kalenkov, President of Ukrmetal... #IronOre #IronOreExport #IronOrePrices
