Tuesday, 25 Oct 2011
Luzhong Mining Group cut 64 percent grade alkaline iron concentrates ex-works price by CNY 70 to CNY1, 330 per tonne.
Source steelhome.cn
Showing posts with label iron ore concentrate output. Show all posts
Showing posts with label iron ore concentrate output. Show all posts
Tuesday, October 25, 2011
Friday, October 14, 2011
Beowulf announces positive study on iron ore mines in Sweden
Friday, 14 Oct 2011
A study on Beowulf Minings Ruoutevare and Kallak iron ore mines in Sweden revealed they could generate revenues of USD 9.1 billion and USD 8.4 billion respectively.
Updated economic estimates included in the report suggest that, over the first 15 years of mining, at a rate of 10 million tonnes per annum, Ruoutevare could generate gross revenues of USD 9.1 billion and Kallak could generate gross revenues of USD 8.4 billion based on an a long term high product price forecast of USD 126 FOB a tonne for iron ore concentrate from Ruoutevare and USD 132 FOB a tonne for iron ore concentrate from Kallak.
Based on management current unclassified resource estimate of 600 million tonnes for Kallak, the mine life could be up to 60 years and the forthcoming maiden independent JORC resource estimate will be utilised to complete the full updated conceptual study on Kallak in due course.
An updated conceptual economic model shows a payback period on total investment of as low as 2 years for Ruoutevare and 2.4 years for Kallak compared to the previous 2010 estimates of 3.1 years and 3.6 years respectively.
A study on Beowulf Minings Ruoutevare and Kallak iron ore mines in Sweden revealed they could generate revenues of USD 9.1 billion and USD 8.4 billion respectively.
Updated economic estimates included in the report suggest that, over the first 15 years of mining, at a rate of 10 million tonnes per annum, Ruoutevare could generate gross revenues of USD 9.1 billion and Kallak could generate gross revenues of USD 8.4 billion based on an a long term high product price forecast of USD 126 FOB a tonne for iron ore concentrate from Ruoutevare and USD 132 FOB a tonne for iron ore concentrate from Kallak.
Based on management current unclassified resource estimate of 600 million tonnes for Kallak, the mine life could be up to 60 years and the forthcoming maiden independent JORC resource estimate will be utilised to complete the full updated conceptual study on Kallak in due course.
An updated conceptual economic model shows a payback period on total investment of as low as 2 years for Ruoutevare and 2.4 years for Kallak compared to the previous 2010 estimates of 3.1 years and 3.6 years respectively.
Saturday, October 8, 2011
Evraz UGOK iron ore concentrate and agglomerate production goes up in Sept
Saturday, 08 Oct 2011
Evraz UGOK a subsidiary of Russian mining and steel producing company Evraz Group increased its iron ore concentrate production by 6.4%YoY to 809,000 tonnes. Its output of agglomerate in the given period increased by 3%YoY to 137,000 tonnes.
In the January to September period of the current year, Evraz UGOK saw a 14.2%YoY growth in its iron ore concentrate production to 7.572 million tonnes and an 11%YoY increase in its agglomerate production to 1.376 million tonnes.
(Sourced from SteelOrbis)
Evraz UGOK a subsidiary of Russian mining and steel producing company Evraz Group increased its iron ore concentrate production by 6.4%YoY to 809,000 tonnes. Its output of agglomerate in the given period increased by 3%YoY to 137,000 tonnes.
In the January to September period of the current year, Evraz UGOK saw a 14.2%YoY growth in its iron ore concentrate production to 7.572 million tonnes and an 11%YoY increase in its agglomerate production to 1.376 million tonnes.
(Sourced from SteelOrbis)
Friday, August 26, 2011
Northland inks lease agreement with Swedish port
August26,2011
By Matthew Hill
TORONTO – Northland Resources, developing an iron-ore mine in Sweden, said on Thursday it signed a lease agreement with the Scandanavian nation’s Narvik Port, and that it is on track to produce the steelmaking ingredient at the Kaunisvaara by the end of next year.
“We are very pleased that the Narvik authorities have provided the final approval which will allow us to start construction of the new terminal and ancillary infrastructure so that it will be ready for the first shipment of high-grade, high quality iron concentrate from our mines in Kaunisvaara at the beginning of 2013,” Northland CEO Karl-Axel Waplan said.
Work will now begin on a temporary shipping facility, including a quay, a depot, a conveyor belt, a de-icing facility, and an unloading facility for the railcars and railway lines.
The TSX-listed company aims to truck the iron-ore concentrate 150 km from the mine to a railway line that will rail it to the port, but is considering building a rail conection that would cost in the region of $1-billion, Waplan said earlier this year.
Northland has entered into industrial off-take contracts which will last for seven to eight years for Kaunisvaara’s entire five-million ton a year production.
The mine is located in north-eastern Sweden.
The company also announced the names of the three compnies it previously said would handle the transportation of its ore as Savage Service Corporation, Peab and Grieg Logistics.
Savage will carry the overall responsibility for the coordination, management and cooperation between the three parties and coordinate the work program.
(sourced Mining Weekily)
By Matthew Hill
TORONTO – Northland Resources, developing an iron-ore mine in Sweden, said on Thursday it signed a lease agreement with the Scandanavian nation’s Narvik Port, and that it is on track to produce the steelmaking ingredient at the Kaunisvaara by the end of next year.
“We are very pleased that the Narvik authorities have provided the final approval which will allow us to start construction of the new terminal and ancillary infrastructure so that it will be ready for the first shipment of high-grade, high quality iron concentrate from our mines in Kaunisvaara at the beginning of 2013,” Northland CEO Karl-Axel Waplan said.
Work will now begin on a temporary shipping facility, including a quay, a depot, a conveyor belt, a de-icing facility, and an unloading facility for the railcars and railway lines.
The TSX-listed company aims to truck the iron-ore concentrate 150 km from the mine to a railway line that will rail it to the port, but is considering building a rail conection that would cost in the region of $1-billion, Waplan said earlier this year.
Northland has entered into industrial off-take contracts which will last for seven to eight years for Kaunisvaara’s entire five-million ton a year production.
The mine is located in north-eastern Sweden.
The company also announced the names of the three compnies it previously said would handle the transportation of its ore as Savage Service Corporation, Peab and Grieg Logistics.
Savage will carry the overall responsibility for the coordination, management and cooperation between the three parties and coordinate the work program.
(sourced Mining Weekily)
Saturday, March 5, 2011
Ukrainian iron ore mines up output in two months
Saturday, 05 Mar 2011
Interfax Ukraine reported that most Ukrainian mining companies raised iron ore production in January to February.
Poltava Mining, the core asset of the London listed Ferrexpo plc raised commercial pellet production 5.3%YoY to 1.57 million tonnes and concentrate production 2.7% to 1.807 million tonnes.
The Metinvest holding Northern Mining and Beneficiation Plant from Kriviy Rih, told Interfax that it reduced commercial pellet production 16%YoY in January-February to 1.425 million tonnes. Iron ore concentrate output rose 0.6 percent to 2.317 million tonnes.
Metinvest Central Mining, also from Kriviy Rih raised commercial pellet production 0.8%YoY to 393,000 tonnes and concentrate production grew by 9.5% to 988,000 tonnes.
Metinvest also runs Inhulets Mining, which saw iron ore concentrate output rise 7.6%YoY in January to February to 2.393 million tonnes.
Southern Mining, from Kriviy Rih which is controlled by Ukraine's Smart Holding and Lanebrook Ltd, which owns Russia Evraz Group, raised iron ore concentrate production 14.3%YoY in January to February to 1.585 million tonnes. It produced 247,000 tonnes of sinter ore up by 21.6%YoY.
Ukraine as a whole raised crude iron ore production tentatively 2%YoY in January to February to 12.501 million tonnes, the State Property Committee told Interfax. Iron ore concentrate production grew 5% to 10.434 million tonnes. Prepared ore production rose 2% to 10.034 million tonnes, including growth of 6% to 6.646 million tonnes of sinter, however pellet production fell 5 percent to 3.388 million tonnes.
The Metinvest holding Northern Mining and Beneficiation Plant from Kriviy Rih, told Interfax that it reduced commercial pellet production 16%YoY in January-February to 1.425 million tonnes. Iron ore concentrate output rose 0.6 percent to 2.317 million tonnes.
Metinvest Central Mining, also from Kriviy Rih raised commercial pellet production 0.8%YoY to 393,000 tonnes and concentrate production grew by 9.5% to 988,000 tonnes.
Metinvest also runs Inhulets Mining, which saw iron ore concentrate output rise 7.6%YoY in January to February to 2.393 million tonnes.
Southern Mining, from Kriviy Rih which is controlled by Ukraine's Smart Holding and Lanebrook Ltd, which owns Russia Evraz Group, raised iron ore concentrate production 14.3%YoY in January to February to 1.585 million tonnes. It produced 247,000 tonnes of sinter ore up by 21.6%YoY.
Ukraine as a whole raised crude iron ore production tentatively 2%YoY in January to February to 12.501 million tonnes, the State Property Committee told Interfax. Iron ore concentrate production grew 5% to 10.434 million tonnes. Prepared ore production rose 2% to 10.034 million tonnes, including growth of 6% to 6.646 million tonnes of sinter, however pellet production fell 5 percent to 3.388 million tonnes.
Ukrainian iron ore production in January to February 2011 by company
Tags :Inhulets mining, Lanebrook Ltd, crude iron ore production, sinter
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