NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Capitalizing on Low-cost Position of Shymanivske Project

Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron ore exploration and development company, is focused on the development of its Shymanivske iron ore deposit located in Kryvyi Rih, Ukraine. An article discussing the company reads, “The Shymanivske project has been ranked by the CRU Group in the lowest position of the business cost curve for pellet-feed projects currently under development and as the second-lowest in capital intensity (construction capital divided by annual production) within CRU Group’s extensive database (http://nnw.fm/3MXsT). This low-cost position makes the project economics very robust to any shocks in iron ore price while providing a very high return at current and forecast prices.”

To view the full article, visit http://nnw.fm/0rMrF

About Black Iron Inc.

Black Iron is an iron ore exploration and development company, advancing its 100 percent owned Shymanivske project located in Kryviy Rih, Ukraine. The Shymanivske project contains a NI 43-101 compliant resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 31.6 percent total iron and 18.8 percent magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1 percent total iron and 17.9 percent magnetic iron, using a cut-off grade of 10 percent magnetic iron. Additionally, the Shymanivske project contains 188 Mt of Inferred mineral resources grading 30.1 percent total iron and 18.4 percent magnetic iron. Full mineral resource details can be found in the NI 43-101 compliant technical report entitled “Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21, 2017, under the company’s profile on SEDAR. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. For more information, visit the company’s website at www.BlackIron.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More News From Technology - Malaysian Talks

Aussie doctors bestowed Thai royal honors for cave rescue

Apr 22, 2019

BANGKOK — Two Australian doctors were given royal honors in Thailand on Friday for helping rescue a boys soccer team from a flooded cave and said they are looking forward to a reunion with the youngsters they helped save. Richard Harris and Craig Challen were given the award at a ceremony presided over by Thai Prime Minister Prayuth Chan-ocha. Four Australian officials involved with the rescue effort were also honored. Both highly skilled divers, the doctors played key roles in rescuing members of the Wild Boars soccer team and their coach from the cave complex in Chiang Rai province last...

Toyota, SoftBank fund, Denso invest $1 billion in Uber

Apr 22, 2019

TOKYO — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit. The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.'s Vision Fund will contribute $333 million in Uber Technologies Inc.'s new entity, Advanced Technologies Group, or Uber ATG, which will try to develop and commercialize automated ridesharing services. The move comes as Toyota steps up such efforts, including investing $500 million in Uber, based in San Francisco, and setting up a $20 million joint venture...

Asian stocks sink after Wall Street declines

Apr 22, 2019

BEIJING — Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed. U.S. stocks fell despite data showing growth in China's gross domestic product held steady in the latest quarter in the face of a tariff war with Washington and consumer spending accelerated. "The surprisingly robust China GDP data failed to ignite a rally on Wall Street as U.S. investors turn focus to domestic concerns," said Stephen Innes of SPI Asset Management in a report. He said investors are "increasingly cautious" about possibly misreading...

Head of Foxconn announces Taiwan presidential bid

Apr 22, 2019

TAIPEI, Taiwan — Terry Gou, chairman of the world's largest contract assembler of consumer electronics, including Apple's iPhones, said Wednesday he intends to run for president of Taiwan, bringing his pro-business and China-friendly policies to what is expected to be a crowded field for next year's election. The Foxconn Technology chairman who also ranks among Taiwan's richest people with a fortune estimated by Forbes at $7.8 billion is seeking the opposition Nationalist Party's nomination for the 2020 presidential race against an incumbent hampered by low public approval ratings. "I am willing to participate in the primary election," Gou said at...

Monkey Punch, creator of megahit Japan comic Lupin III, dies

Apr 22, 2019

TOKYO — Cartoonist Monkey Punch, best known as the creator of the Japanese megahit comic series Lupin III, has died at age of 81. His office, MP Pictures, said Wednesday that Monkey Punch, whose real name is Kazuhiko Kato, died of pneumonia on April 11. The story of master thief Lupin's adventures with his gang — gunman Daisuke Jigen, sword master Goemon Ishikawa and sexy beauty Fujiko Mine, as well as a detective, Zenigata — started in 1967. The cartoon also was adapted for TV animation and movies, some directed by renowned animators including Hayao Miyazaki and Isao Takahata. Kato...