NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Capitalizing on Low-cost Position of Shymanivske Project

Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron ore exploration and development company, is focused on the development of its Shymanivske iron ore deposit located in Kryvyi Rih, Ukraine. An article discussing the company reads, “The Shymanivske project has been ranked by the CRU Group in the lowest position of the business cost curve for pellet-feed projects currently under development and as the second-lowest in capital intensity (construction capital divided by annual production) within CRU Group’s extensive database (http://nnw.fm/3MXsT). This low-cost position makes the project economics very robust to any shocks in iron ore price while providing a very high return at current and forecast prices.”

To view the full article, visit http://nnw.fm/0rMrF

About Black Iron Inc.

Black Iron is an iron ore exploration and development company, advancing its 100 percent owned Shymanivske project located in Kryviy Rih, Ukraine. The Shymanivske project contains a NI 43-101 compliant resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 31.6 percent total iron and 18.8 percent magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1 percent total iron and 17.9 percent magnetic iron, using a cut-off grade of 10 percent magnetic iron. Additionally, the Shymanivske project contains 188 Mt of Inferred mineral resources grading 30.1 percent total iron and 18.4 percent magnetic iron. Full mineral resource details can be found in the NI 43-101 compliant technical report entitled “Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21, 2017, under the company’s profile on SEDAR. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. For more information, visit the company’s website at www.BlackIron.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More News From tech.aseancoverage.com

Toyota, SoftBank fund, Denso invest $1 billion in Uber

Apr 25, 2019

TOKYO — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit. The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.'s Vision Fund will contribute $333 million in Uber Technologies Inc.'s new entity, Advanced Technologies Group, or Uber ATG, which will try to develop and commercialize automated ridesharing services. The move comes as Toyota steps up such efforts, including investing $500 million in Uber, based in San Francisco, and setting up a $20 million joint venture...

Asian stocks sink after Wall Street declines

Apr 25, 2019

BEIJING — Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed. U.S. stocks fell despite data showing growth in China's gross domestic product held steady in the latest quarter in the face of a tariff war with Washington and consumer spending accelerated. "The surprisingly robust China GDP data failed to ignite a rally on Wall Street as U.S. investors turn focus to domestic concerns," said Stephen Innes of SPI Asset Management in a report. He said investors are "increasingly cautious" about possibly misreading...

Death of rare turtle leaves 3 remaining in the world

Apr 25, 2019

BEIJING — The only known female member of one of the world's rarest turtle species has died at a zoo in southern China, officials said Sunday. The animal was one of four Yangtze giant softshell turtles known to be remaining in the world. The Suzhou zoo, where the female turtle lived, also houses a male Yangtze giant softshell turtle. The other two live in Vietnam, but their genders are unknown. The turtle died Saturday afternoon, the Suzhou city government said in a statement, citing the zoo. It said experts have already used technology to collect the turtle's ovarian tissue for...

China, Japan tout 'recovered' ties amid global uncertainty

Apr 25, 2019

BEIJING — China and Japan have the opportunity to "take charge of the economic field" during a time of worldwide uncertainty, Japan's foreign minister said Sunday, as trade pressures from the United States have prompted both countries to seek alternative markets. Foreign Minister Taro Kono met with his Chinese counterpart, Wang Yi, in Beijing to discuss youth exchanges and economic relations between the two countries, whose ties "completely recovered" last year, according to Kono. The relationship was turbulent in previous years due to an unresolved dispute over islands in the East China Sea. High-level exchanges were frozen in 2012 after...

China exports rise in March, rebounding from slump

Apr 25, 2019

BEIJING — China's exports rebounded from a slump in March and sales to the United States rose despite President Donald Trump's tariff hikes. Exports rose 14.2% over a year ago to $198.7 billion, recovering from February's 20.8% contraction, customs data showed Friday. Imports fell 7.6% to $166 billion, worsening the previous month's 5.2% decline. Exports to the United States rose 3.7% to $31.8 billion, recovering from February's 28.6% decline despite Trump's tariffs of up to 25% on $250 billion of Chines goods. Imports of American goods plunged 25.8% to $11.3 billion, hit by Chinese retaliatory duties and orders to buyers...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com