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13 May
21:15

Black Iron appoints Cargill as Shymanivske offtaker

Canadian mining firm Black Iron Inc has selected Cargill for offtake rights on the initial 4 million tonnes/year of production from its Ukraine-based Shymanivske iron ore project. It has also secured a $75 million finance facility from Cargill to be used for project construction, subject to completion of due diligence. Drawdown on this funding will be subject to certain conditions being met, mainly related to the project being fully permitted and financed for cons…
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