Black Iron (BKI) announced an agreement for offtake rights on the initial 4Mtpa Phase 1 production from the Shymanivske project and a US$75m finance facility for Project construction from Cargill, a leading iron ore and steel trading company. Under the terms, BKI will receive 100% of the 65% Fe fines benchmark and share a portion of the incremental sale price of its 68% Fe, lowimpurity product. We view this as a significant de-risking step towards the capital requirements of the Phase 1 Project ....
10 May 2021
Significant de-risking step achieved as Green Steel revolution gathers pace
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Significant de-risking step achieved as Green Steel revolution gathers pace
Black Iron Inc. (BKI:TSE) | 0 0 0.0%
- Published:
10 May 2021 -
Author:
Roger Bell | Andrei Kroupnik | Jay Ashfield -
Pages:
5
Black Iron (BKI) announced an agreement for offtake rights on the initial 4Mtpa Phase 1 production from the Shymanivske project and a US$75m finance facility for Project construction from Cargill, a leading iron ore and steel trading company. Under the terms, BKI will receive 100% of the 65% Fe fines benchmark and share a portion of the incremental sale price of its 68% Fe, lowimpurity product. We view this as a significant de-risking step towards the capital requirements of the Phase 1 Project ....