{"id":233938,"date":"2022-03-09T14:27:30","date_gmt":"2022-03-09T06:27:30","guid":{"rendered":"https:\/\/charltonsnaturalresources.com\/?p=233938"},"modified":"2023-06-27T16:35:21","modified_gmt":"2023-06-27T08:35:21","slug":"nippon-steel-turns-to-brazil-and-australia-for-iron-ore-arcelormittal-reduces-operations-in-russia","status":"publish","type":"post","link":"https:\/\/charltonsnaturalresources.com\/en\/nippon-steel-turns-to-brazil-and-australia-for-iron-ore-arcelormittal-reduces-operations-in-russia\/","title":{"rendered":"Nippon Steel Turns to Brazil and Australia for Iron Ore, ArcelorMittal Reduces Operations in Russia"},"content":{"rendered":"[et_pb_section fb_built=”1″ admin_label=”CNR NEWSLETTER” module_class=”cnl-wrapper” _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_row admin_label=”Header” module_class=”cnr-nl-header” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Header” _builder_version=”4.16″ global_colors_info=”{}”]
\r\n
NATURAL RESOURCES<\/div>\r\n
News<\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Logo” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Logo” _builder_version=”4.16″ global_colors_info=”{}”]
\r\n\"Charltons\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Banner” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Banner” _builder_version=”4.16″ hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]
\n
\"Nippon<\/div>\n
\n
\nMarch 2022<\/span>\n

Nippon Steel Turns to Brazil and Australia for Iron Ore, ArcelorMittal Reduces Operations in Russia<\/h1>\n\n<\/div>\n\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Text” _builder_version=”4.16″ _module_preset=”default” width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]

Due to the Russo-Ukrainian War, Japan\u2019s Nippon Steel stated that it is currently looking at alternative sources of iron ore from Brazil and Australia to purchase. Russia and Ukraine currently supply some 14% of their iron ore pellet feedstock.<\/p>\n\n

The Luxembourg-based steel production company ArcelorMittal is closing its production in Russian mines, reducing its operations at its Kryvyi Rih Steel plant to a \u2018technical minimum\u2019. The company reportedly employs more than 20,000 people in Ukraine.<\/p>\n\n

The conflict has also affected other mining companies with operations in Russia. Anglo-Russian precious metals miner Polymetal stated that it would continue its mining in Russia and Kazakhstan as the current sanctions have not affected its operations. The company stated that whilst \u2018targeted sanctions on the company remain unlikely,\u2019 the possibility of \u2018more severe sanctions to be imposed by the EU, the UK and the US\u2019 on Russian financial institutions and mining companies remains a possibility.<\/p>\n\n\n

Source: https:\/\/www.mining-technology.com\/news\/russia-ukraine-arcelormittal-nippon\/<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Button Navs” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”navs” _builder_version=”4.16″ global_colors_info=”{}”]

\r\n
<\/span>Korea and Australia Sign a MoU for Increased Investment in Australian Mining<\/a><\/div>\r\n
Europe Invests Heavily in African Green Hydrogen Projects<\/a><\/span><\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Legal Advice” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Legal Advice” _builder_version=”4.16″ global_colors_info=”{}”]
\r\n

This newsletter is for information purposes only.<\/h3>\r\n

Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases.\r\nTransmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser.\r\nCharltons is not responsible for any third party content which can be accessed through the website.<\/p>\r\n

If you do not wish to receive this newsletter please let us know by emailing us at unsubscribe@charltonslaw.com<\/a><\/p>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=”on|on|on” admin_label=”Footer” _builder_version=”4.16″ disabled=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text admin_label=”Footer” _builder_version=”4.16″ global_colors_info=”{}”]

\r\n
\r\n
\r\n \r\n

Boutique Transactional Law Firm of the Year 2020<\/h2>\r\n Asian Legal Business Awards<\/span>\r\n <\/div>\r\n <\/div> \r\n<\/div>\r\n
\r\n
Hong Kong Office: Dominion Centre, 12th Floor, 43-59 Queen\u2019s Road East, Hong Kong Tel: + (852) 2905 7888 Fax: + (852) 2854 9596<\/div>\r\n
Website: https:\/\/www.charltonslaw.com<\/a><\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"

NATURAL RESOURCES News March 2022 Nippon Steel Turns to Brazil and Australia for Iron Ore, ArcelorMittal Reduces Operations in Russia Due to the Russo-Ukrainian War, Japan\u2019s Nippon Steel stated that it is currently looking at alternative sources of iron ore from Brazil and Australia to purchase. Russia and Ukraine currently supply some 14% of their iron ore pellet feedstock. The Luxembourg-based steel production company ArcelorMittal is closing its production in […]<\/p>\n","protected":false},"author":1,"featured_media":234158,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"fifu_image_url":"https:\/\/charltonsnaturalresources.com\/legal\/news\/2022\/03\/nippon-steel-turns-to-brazil-and-australia-for-iron-ore-arcelormittal-reduces-operations-in-russia.jpg","fifu_image_alt":"Nippon Steel Turns to Brazil and Australia for Iron Ore, ArcelorMittal Reduces Operations in Russia","footnotes":""},"categories":[23],"tags":[46],"class_list":["post-233938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-https-charltonsnaturalresources-com-legal-news-2021-08-mineralised-zones-found-in-botswana-thumb-jpg","cat-23-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/233938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/comments?post=233938"}],"version-history":[{"count":5,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/233938\/revisions"}],"predecessor-version":[{"id":234157,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/posts\/233938\/revisions\/234157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media\/234158"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media?parent=233938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/categories?post=233938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/tags?post=233938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}