- Black Iron and Ukraine’s National Railway have signed an updated letter of intent, securing transportation capacity for the iron ore to be derived in the future from the Shymanivske project
- As Black Iron comes closer to initiating Shymanivske construction, it is renewing letters of intent for all of the vital infrastructure that will be required for the mining and transportation of iron ore
- The company is also carrying out discussions with banks and financial entities to secure the financing necessary to commence construction and mining at a time when iron ore prices continue to climb
Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) has renewed a letter of intent with Ukraine’s national railway that will secure transportation capacity for the iron ore derived from the Shymanivske Project. As per the terms of the agreement, the national railway will transport product from the project’s mine site to the Black Sea Port of Yuzhny, according to a company press release (http://nnw.fm/8YxAw).
This announcement once again confirms the ready accessibility and the benefits resulting from the well-established infrastructure in the…
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