Sign up Australia
Proactive Investors - Run By Investors For Investors

Black Iron gets independent confirmation of the attractive cost structure of its Shymanivsk project

CRU’s independent study shows that Black Iron is well positioned in the global iron ore market due to its projected operating and construction capital costs coupled with the high-quality product expected to be produced
Ukraine
The project is located in Kryvyi Rih, Ukraine

Black Iron Inc (TSE:BKI) has been heartened by the results of a study commissioned to determine the company’s position on the global business cost curve.

The study showed that the company's Shymanivske project is ranked in the lowest position of the business cost curve for pellet feed projects currently under development, while the project’s capital intensity (i.e. construction capital divided by annual production) of only $95/ tonne is ranked second lowest out of the projects in the extensive database of CRU Group, the agency that compiled the report.

READ Black Iron advancing Shymanivske project towards construction​

“The CRU Group study confirms the feedback we have received from the steel industry following the release of our PEA in November 2017,” said Matt Simpson, Black Iron's chief executive officer.

“The Shymanivske project has a very attractive cost structure and an expected ideal product quality to meet future requirements of the global steel industry who are facing increasingly stringent environmental regulation. We are seeing strong interest from around the world in our project,” he added.


 

View full BKI profile View Profile

Black Iron Inc. Timeline

Related Articles

copper tubes
May 30 2018
The latest economic study at Parys Mountain has delivered some encouraging numbers against a backdrop of rising base metals prices
copper wires
October 12 2018
Leigh Creek will add to the cash being generated by New Mexico-based iron ore business Cobre to fund exploration and development opportunities elsewhere.
1520866985_shutterstock_161588243.jpg
March 13 2018
Getting financing will be a "significant" milestone toward the construction, said the group

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use