- Recent dam failure and closure of 11 mines by leading iron ore producer Vale lowered supplies worldwide, raising prices
- Black Iron is developing the Shymanivske iron ore deposit in Ukraine to produce cost-effective, high grade pellet feed containing 68 percent iron
- Black Iron’s iron pellet feed product is expected to sell for a significantly higher price than benchmark iron ore for at least the next two to three years
Recent supply-side shortages and the resulting tightness in the world’s iron ore market are seen as solid reasons for investors to keep a close eye on Canadian iron ore exploration and development company Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) as it brings its premium, high-grade iron ore Shymanivske Ukraine project to life. Black Iron’s Shymanivske project is situated in the southern part of the historic KrivBass iron ore mining district, a highly developed iron ore mining region with well-established infrastructure and nearby skilled labor forces. Surrounded by five producing iron ore mines, the Shymanivske project is expected to produce an ultra-high-grade, 68-percent iron ore concentrate with few impurities at very low cost (http://nnw.fm/0he2I).
The January 25 disaster at the tailings dam at Vale SA’s Corrego do Feijao iron ore mine in Brazil’s mining heartland of Minas Gerais remains in the news as officials search for the missing and…
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