- In March 2024, Ursa Space Systems launched a new product offering weekly volumetric measurements of iron ore stockpiles at key global locations. This product, using radar satellite imagery, provides critical insights into market trends, helping traders better understand supply-demand dynamics and make more informed decisions
- In 2027, Kazakhstan plans to launch the Lomonosovske iron ore project with 74 million tons of iron ore concentrate reserves. Located in the Kostanay region, this project aims to supply high-grade raw materials for the green steel sector, contributing to decarbonization efforts. Despite challenges with financing and excavation, the project is poised to play a key role in the growing demand for high-grade iron ore concentrate in global markets
- In July 2021, Vedanta Zinc International launched a new iron ore product line at its Black Mountain Mine (BMM) in South Africa. The project aims to produce high-grade iron ore and dense media separation products, supporting the steel and coal industries. The initiative is expected to enhance the competitiveness and sustainability of BMM operations, contributing to local economic development and providing new employment opportunities in the region
- In January 2024, Tata Steel’s Noamundi Iron Mine marked its 100th anniversary of sustainable mining. The mine, located in Jharkhand, India, has been a key player in producing high-quality iron ore, contributing to Tata Steel’s long-standing commitment to environmental sustainability and community development. This milestone highlights the successful integration of responsible mining practices with continuous technological advancements over the years
- In 2011, ArcelorMittal formally commenced commercial iron ore production in Liberia. This marks a significant milestone in the country’s economic recovery following civil war, with ArcelorMittal contributing to infrastructure development, including roads, railways, and educational facilities. The project reflects the company’s commitment to responsible business practices, sustainable mining, and enhancing local economic opportunities
