Iron Ore Mining in Ukraine to 2020

Ukraine had 6.5Bnt of crude iron ore reserves in January 2015, or 3.4% of the world’s total, and ranked seventh globally.

Much of the country’s ore is extracted from magnetite deposits with Fe grade in the range of 14–62%.

Of 80 iron ore deposits in the country, the four most significant are the Kremenchuk iron-ore region (Poltava oblast), Kryvyi Rih iron-ore basin (Dnipropetrovske oblast), Kerch iron-ore basin (Crimea) and Bilozerka iron-ore (Zaporizhia oblast).

Scope

GlobalData's 'Iron Ore Mining in Ukraine to 2020' report provides information on Ukrainian iron ore reserves, reserves and resources by selected Ukrainian mines, historic and forecast iron ore production and production by form.

It also outlines demand drivers affecting the industry, trade (export partners), historic and forecast consumption, the competitive landscape, active, exploration and development projects, and the fiscal regime governing the Ukrainian mining industry.

Key Highlights

• In January 2015, Ukraine had 6.5 billion tonnes (Bnt) of crude iron ore reserves; ranking seventh globally with a 3.4% share of the global total. The country has 80 iron ore deposits, largely in the form of magnetite ores which are found mainly in Poltava oblast.

• In 2014, the Poltava mine was the largest iron ore producing mine at 30.2Mt, accounting for 39% of the country’s total output that year. The Ingulets GOK mine produced 13.2Mt, followed by the Northern GOK and Central GOK mines with respective production totals of 11.0Mt and 6.4Mt.

• China was the single most important export market for Ukrainian iron ore, accounting for 45% or 17Mt of Ukraine’s exports in 2013, followed by various European countries

Reasons to buy

Gain an understanding of the Ukrainian iron ore mining industry, the relevant demand drivers , reserves, historic and forecast production, production by form, production forecast by major mines, historic and forecast consumption, trade (exports and imports), active, exploration and development projects, the competitive landscape and the country's fiscal regime.

Companies mentioned

Metinvest Holding, LLC

Ferrexpo Plc

Table of Contents

1 Executive Summary

2 Iron Ore Mining in Ukraine – Reserves, Production, Consumption and Trade

2.1 Reserves by Grade and Geographical Location

2.1.1 Reserves and resources – by select mines and type of ore

2.2 Historical and Forecast Production

2.2.1 Total production by form – lumps and fines and pellets

2.3 Production by Major Mines

2.4 Active Mines

2.5 Exploration and Development Projects

2.6 Total Iron Ore Consumption vs Trade

2.6.1 Domestic consumption vs trade

2.6.2 Exports – by country

2.7 Demand Drivers

2.7.1 Domestic iron ore consumption

2.7.2 Global steel production

3 Major Iron Ore Producing Companies in Ukraine

3.1 Metinvest Holding, LLC

3.2 Ferrexpo Plc

4 Fiscal Regime

4.1 The Ukrainian Mining Industry – Governing Bodies

4.1.1 The Ministry of Energy and Coal Industry of Ukraine (Ukraine Minenergouglya)

4.1.2 State Committee of Ukraine

4.1.3 Ministry of Ecology and Natural Resources of Ukraine (MENR)

4.1.4 Ministry of Economic Development and Trade

4.2 The Ukrainian Mining Industry – Governing Laws

4.3 The Ukrainian Mining Industry – Licensing Methods

4.3.1 Subsoil use rights

4.4 The Ukrainian Mining Industry – Key Fiscal Terms

4.4.1 Mineral Resources Fee

4.4.2 Corporate income tax (CIT)

4.4.3 Capital gains

4.4.4 Withholding tax

4.4.5 Losses carried forward

4.4.6 Branch Remittance Tax

4.4.7 Real property tax

4.4.8 Depreciation rates

4.4.9 Value added tax

5 Appendix

5.1 Abbreviations

5.2 Secondary Research

5.3 Primary Research

5.4 Contact GlobalData

5.5 About GlobalData

5.6 GlobalData’s Services

5.7 Disclaimer

List of Tables

Table 1: Iron Ore Mining in Ukraine – Reserves and Resources by Selected Mines, Type of Ore and Mine Stage, 2014

Table 2: Iron Ore Mining in Ukraine – Total Iron Ore Production (Million Tonnes) vs Global Iron Ore Prices* (US$/Dry Metric Tonne), 2000–2020

Table 3: Iron Ore Mining in Ukraine – Production by Form (Million Tonnes), 2000–2020

Table 4: Iron Ore Mining in Ukraine – Active Mines, 2015

Table 5: Iron Ore Mining in Ukraine – Exploration Projects, 2015

Table 6: Iron Ore Mining in Ukraine – Development Projects, 2015

Table 7: Iron Ore Mining in Ukraine – Domestic Consumption* vs Trade (Million Tonnes), 2000–2020

Table 8: Iron Ore Mining in Ukraine – Export by Country (Million Tonnes), 2013

Table 9: Iron Ore Mining in Ukraine – Metinvest Holding, LLC, Major Projects, 2015

Table 10: Iron Ore Mining in Ukraine – Ferrexpo Plc, Major Projects, 2015

Table 11: The Mining Industry in Ukraine – Fees for Use of Mineral Resources, 2014

Table 12: The Mining Industry in Ukraine – Depreciation Groups and Rates (%), 2014

List of Figures

Figure 1: Iron Ore Mining in Ukraine – Total Iron Ore Production (Million Tonnes) vs Global Iron Ore Prices* (US$/Dry Metric Tonne), 2000–2020

Figure 2: Iron Ore Mining in Ukraine – Production by Form (Million Tonnes), 2010–2020

Figure 3: Iron Ore Mining in Ukraine – Production by Major Mines (Million Tonnes), 2010 – 2020

Figure 4: Iron Ore Mining in Ukraine – Domestic Consumption* vs Trade (Million Tonnes), 2000–2020

Figure 5: Iron Ore Mining in Ukraine – Exports by Country (%), 2013

Figure 6: Iron Ore Mining in Ukraine – Domestic Iron Ore Consumption* Forecast by Steel Sector (Million Tonnes), 2015–2020

Figure 7: Iron Ore Mining in Ukraine – Chinese Crude Steel Production vs Iron Ore* Imports from Ukraine (Million Tonnes), 2003–2014

Figure 8: Iron Ore Mining in Ukraine – Poland’s Crude Steel Production vs Iron Ore* Imports from Ukraine (Million Tonnes), 2003–2014

Figure 9: Iron Ore Mining in Ukraine – Czech Republic’s Crude Steel Production vs Iron Ore* Imports from Ukraine (Million Tonnes), 2003–2014

Figure 10: Iron Ore Mining in Ukraine – Revenue** Comparison of Metinvest Holding, LLC and Ferrexpo Plc (US$ Billion), 2012–2014

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