The companies envision an investment from Glencore that will help fund construction in exchange for offtake of production of four million tonnes of iron ore a year.
Ukraine Mining News
The European Commission has extended duties on imported steel and iron pipes and tubes from Russia and Ukraine for another five years.
CRU’s independent study shows that Black Iron’s projected operating and construction capital costs position the company well in the global iron ore market.
Ukraine's steel production in eleven months to end-November fell 13 pct year-on-year to 19.4 million tonnes, Ukrainian steel producers' union said Friday.
As a result of the permits, Glencore can acquire shares in companies Aluminium of Ukraine and Guardon Ukraine.
In spite of a blockade on shipments of anthracite coal from occupied Donbas to Ukrainian thermal power plants (TPPs) since this past winter, the country has thus far avoided blackouts.
The deal will see Canberra supplying the necessary uranium to feed the European country’s nuclear power plants.
Ukraine is facing a potential shortage of coal supplies just as it finds itself in the icy grip of winter.
On August 28th while the geographical area formerly known as Iraq descended further into chaos, President Obama announced to the world "We don't have a strategy, yet."
The current stock market is earning a deserved reputation as being coated in Teflon. Bad or disappointing news just doesn't appear to stick, and has done nothing to slow the market's upward trajectory.
U.S. data showed stronger-than-expected Q2 growth.
Conflict forcing coal mines to cut output, close.
Tax promises to cripple new energy sector investment.
Near one-month high on chaos in Iraq, threats of Russian invasion of Ukraine and a sharp pullback in equities.
Host of competing factors trap precious metal.
Emerging markets may give support going forward.
Event increases global tensions and demand for safe-haven metal.
U.S. data, ECB meeting also in spotlight.
After months of debate the outcome is that supplies have been “reduced to zero.” The news failed to lift demand for coal.
At the end of 2013, I was very bullish on uranium as I believed the end of the 20 year Russian Nuclear Agreement would spark a rally as utilities would have to buy in the spot market.
Separatists seized Thursday four Ukrainian coal mines in the east of the conflict-torn country.
Despite a mainly negative sentiment towards gold from investors as evidenced in the continued liquidation in gold-backed exchange-traded funds amid signs of an improving U.S. economy, the crisis in Ukraine has prompted in recent safe-haven buying which helped boost the price of gold to three-week highs above $1,300 an ounce.
So far my 2014 expectations are playing out pretty much as planned, with a few adjustments. With the threat of war in the Ukraine I think the final bubble phase in stocks is now off the table.
Coal prices climbed to the highest level since January Monday as European nation set to replace gas for coal in power plants.
Gold jumps second day in a row as Ukraine war of words and action on the ground intensifies.