- Black Iron and subsidiary of Glencore plc sign MOU to finance construction of Shymanivske Iron Ore Deposit
- Excellent infrastructure, with paved road to site, confirmed power and rail and port capacity, allows for a relatively low cost and phased build
- Project is expected to produce an ultra-high-grade, 68-percent iron ore concentrate with few impurities at very low cost
- Black Iron’s iron pellet feed product is expected to sell for a significantly higher price than benchmark iron ore
Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron ore exploration and development company, is optimistic that construction could begin at its ultra-high-grade Shymanivske Iron Ore Project in Ukraine toward the end of the year. In an upbeat discussion with NNW’s Stuart Smith last month, CEO Matt Simpson, P.Eng., reminded stakeholders of the great strides that Black Iron made in 2018 and the huge leaps that the company is making this year (http://nnw.fm/lFPk2).
“We had some major milestones … with our real focus on relaunching the company,” Simpson said in the NNW interview, adding that Black Iron is looking at an…
The technical and scientific contents of this article have been reviewed and approved by Matt Simpson, P.Eng., CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.
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