- Black Iron is working to secure financing and land to start construction of its low-cost Ukraine iron ore project
- The mine site is surrounded by other producing iron ore mines and located in close proximity to a railway, powerlines, five ports and skilled labor, allowing for a phased build
- Unexpected incidents in Brazil and Australia have caused significant market players to cut their yearly outlooks for iron ore production, leading to higher price forecasts
The rise in commodity benchmark prices in the iron ore market on the heels of devastating industry setbacks in Brazil and Australia is indicating a corresponding opportunity for mine developer Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) as the Canadian firm pushes toward funding construction and securing essential land for its Shymanivske iron ore project in the historically rich Kryvyi Rih region of Ukraine.
Bloomberg reported, on April 3, that shortages in supply and questions about when the disruptions will be moderated had driven the benchmark price to $91 after a…
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