Big Picture – A Deep Dive Examination of Black Iron Inc.
Black Iron Inc. Snapshot
Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivyi Rih, Ukraine, to production. The Shymanivske Project contains 646 million tonnes measured and indicated resources grading 31.6% iron and 188 million tonnes inferred resources grading 30.1% iron. A bankable feasibility study for the Shymanivske Project demonstrates excellent economics for 9.9 million tonnes per year of 68% iron ore concentrate production, including an NPV of US$3.3 billion (8% discount), an IRR of 48% and a 2 year payback period based on a conservative long term iron ore benchmark price of $95/tonne, as published to SEDAR.com on January 24, 2014. The project is in a mining friendly region as it is surrounded by five other operating iron ore mines including ArcelorMittal. Existing infrastructure with surplus capacity, including confirmed access to power, rail and port facilities, allows for a quick and relatively low cost development to production.
The Shymanivske Project
The Shymanivske iron ore deposit is strategically well-positioned in Ukraine between markets in Europe, Russia, Asia and the Middle East. It is located 330 kms southeast from Kiev in central Ukraine, in the heart of the KrivBass iron ore mining district. The Shymanivske deposit is located in the Southern part of the Krivbass, less then 2km from two open pit iron ore mines owned by ArcelorMittal and Metinvest/Evraz Steel, which are also primarily magnetite quartzite deposits. There are currently seven operating open pit mines in the district.
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Former General Manager, Mining for Rio Tinto’s Iron Ore Company of Canada; Worked for Hatch designing global metallurgical refineries.
Former CEO of VS Energy International which distributes ~30% of Ukraine’s electricity and owns one of Ukraine’s largest steel mills.
Chief Operating Officer
Over 40 years of hands-on experience building and operating mines globally with companies such as with INCO (VALE), Xstrata Columbia delivering disciplined operational successes in the mining industry.
Chief Financial Officer
Former CFO of CD Capital Partners, operating in the Soviet Union & Ukraine.
VP Gov’t & Community Relations
Former department head, Ukrainian Ministry of Emergencies and Public Protection; Former MP.
Senior VP Corporate Development
30 years experience selling iron ore while working for Rio Tinto, Cliffs Natural Resources and most recently Roy Hill Holdings Ltd.
Former Chairman of Consolidated Thompson Iron Ore and Chief Operating Officer of Goldcorp.
Former General Manager, Mining for Rio Tinto’s Iron Ore Company of Canada; Worked for Hatch ...
Former VP for Rio Tinto’s Iron Ore Company of Canada and COO of Algoma Steel.
Chairman & Founder of Invecture Group, S.A. de C.V. which owns Frontera Copper Corporation.
Former Canadian Minister for Foreign Affairs and International Trade.
65 Queen Street West, 8th Floor
Toronto, Ontario, Canada
Email: [email protected]
Tel: 416-309-2138 OR (+38) (056) 409 25 36