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Black Iron receives mining allotment certificate for Ukraine project

Black Iron hit another permitting milestone at the Shymanivske Iron Ore Project, located near Krivyi Rih, Ukraine, when the company announced that its subsidiary, Shymanivske Steel LLC, had been awarded a mining allotment certificate from the the Central Government of Ukraine.

The mining allotment signifies the local and central governments now recognize that the project will be built, thus allowing the project to be included in all future official city plans and development initiatives, including for such items as infrastructure connections.

Mr Matt Simpson CEO of Black Iron said that “We’re excited that the Shymanivske Project has been recognized by the Central Government and the local Kryvyi Rih City Council. This was an important step in our permitting and demonstrates that the central and local governments are continuing to function well under the new President and that it remains business as usual for most of Ukraine despite the unrest in the East.”

He said that “With the award of the Mining Allotment we can now focus on future milestones including the next phase of permitting, the Overall Project Land Allotment, and the execution of our financing plan, including a cornerstone off take agreement.”

Source – Stock House


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