Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Advancing Shymanivske Iron Ore Deposit to Production

February 5, 2019 13:49:32
  • Black Iron’s plan is to produce high-grade pellet feed in Ukraine
  • High-grade pellet feed is forecast to substantially increase in price
  • Close proximity to major infrastructure allows for the project to be built in low-cost phases
  • Recently ranked by CRU in the lowest cost position globally for undeveloped iron ore pellet feed projects

Canadian-headquartered iron ore exploration and development company Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) is developing the Shymanivske iron ore deposit located in Kryvyi Rih, Ukraine. The company’s intention is to produce high grade pellet feed for sale to steel mills located in Europe, China and the Middle East. Its experienced management team is leveraging major infrastructure including railway, powerlines and ports that are already in place to advance its 100-percent-owned Shymanivske Project to production.

The global iron ore pellets market was valued at approximately $25.22 billion in 2017. The expectation is that it will reach $50.12 billion by…

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