NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (
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Posted On: 03/14/2019 4:05:03 PM
NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Makes Progress to Secure Key Land for Shymanivske Project
Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced that Ukraine’s Ministry of Defence (“MOD”) has developed a plan to transfer the parcel of land originally sought by Black Iron for its Shymanivske iron ore project as a location of the processing plant, tailings and waste rock as outlined in the company’s re-scoped Preliminary Economic Assessment (“PEA”). The parcel of land Ukraine’s MOD proposed to Black Iron in September 2018 was deemed unsuitable from a social and environmental standpoint. However, the newly proposed parcel, owned by Ukraine’s central government and currently used by Ukraine’s MOD for training purposes, is ideal. Its close proximity to the Shymanivske ore body makes it a highly economic choice to minimize incurred costs for hauling ore and waste, and it is located a distance away from any communities and surrounded by operating iron ore mines owned by ArcelorMittal and Metinvest.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced that Ukraine’s Ministry of Defence (“MOD”) has developed a plan to transfer the parcel of land originally sought by Black Iron for its Shymanivske iron ore project as a location of the processing plant, tailings and waste rock as outlined in the company’s re-scoped Preliminary Economic Assessment (“PEA”). The parcel of land Ukraine’s MOD proposed to Black Iron in September 2018 was deemed unsuitable from a social and environmental standpoint. However, the newly proposed parcel, owned by Ukraine’s central government and currently used by Ukraine’s MOD for training purposes, is ideal. Its close proximity to the Shymanivske ore body makes it a highly economic choice to minimize incurred costs for hauling ore and waste, and it is located a distance away from any communities and surrounded by operating iron ore mines owned by ArcelorMittal and Metinvest.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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