While total iron ore sales were down from 3.6 million wet metric tonnes in the 2018 financial year to 3.2 million in 2019 the realised price of ore grew significantly from $54 a metric tonne in
Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project lo ed in Krivyi Rih Ukraine to production. Skilled Management Team Directors and Board Read More History of creating value for NI 43
Black Iron plans to produce a 68% iron content pellet feed concentrate with very low levels of trace elements that can be used to produce high-quality iron ore blast furnace pellets or premium
The project in Kryvyi Rih a highly developed iron ore mining region in Ukraine benefits from well-established infrastructure well away from conflict zones. At press time in Toronto Black Iron was trading at $0.09 per share within a 52-week range of $0.045 and $0.12 per share.
Another benefit of mining is that it spurs technological development. We can use some of the safety technologies developed for mining in other industries such as constructing deep underground subway tunnels water pipes and other structures.
Economic Benefits and the Importance of Mining The metals produced from mining are the silent rivers that have run through the northern Minnesota economy since the late 1800s when the region’s rich iron ore deposits were first discovered and mined.