Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Holds Economic Advantage as Iron Ore Market Prices Face Worldwide Increase
Recent dam failure and closure of 11 mines by leading iron ore producer Vale lowered supplies worldwide, raising prices Black Iron is developing the Shymanivske iron ore deposit in Ukraine to produce cost-effective, high grade pellet feed containing 68 percent iron Black Iron’s iron pellet feed product is expected to sell for a significantly higher price than benchmark iron ore for at least the next two to three years Recent supply-side shortages and the resulting tightness in the world’s iron ore market are seen as solid reasons for investors to keep a close eye on Canadian iron ore exploration and…