NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (
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Posted On: 06/28/2019 5:07:51 PM
NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Making Progress to Secure Essential Land for Shymanivske Project Construction
Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) on Thursday announced that it is making good progress to secure essential land for its Shymanivske project construction. According to the update, the company has recently reached an agreement with Ukraine's Ministry of Defence on the coordinates for a parcel of land that, subject to preconditions currently under negotiation, it is willing to turn over to Black Iron. The year to date 45% increase in the sale price of iron ore is helping attract potential investors to finance construction of Black Iron's Shymanivske project. Currently, 62% iron content product sells for ~US$117 per tonne and 65% iron content product for ~US$128 per tonne. Black Iron aims to produce premium 68% iron content product, which is expected to sell for a much higher price than the benchmarks while being produced at an estimated cost of US$31 per tonne.
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) on Thursday announced that it is making good progress to secure essential land for its Shymanivske project construction. According to the update, the company has recently reached an agreement with Ukraine's Ministry of Defence on the coordinates for a parcel of land that, subject to preconditions currently under negotiation, it is willing to turn over to Black Iron. The year to date 45% increase in the sale price of iron ore is helping attract potential investors to finance construction of Black Iron's Shymanivske project. Currently, 62% iron content product sells for ~US$117 per tonne and 65% iron content product for ~US$128 per tonne. Black Iron aims to produce premium 68% iron content product, which is expected to sell for a much higher price than the benchmarks while being produced at an estimated cost of US$31 per tonne.
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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