Black Iron Recieves Approval from Kryviy Rih City Council to Initiate Land Allotment Process

T.BKI, Black Iron

Black Iron Inc.(TSX:BKI)is pleased to announce that Shymanivske Steel LLC, Black Iron’s wholly owned Ukrainian subsidiary, has obtained approval from the Kryviy Rih City Council to prepare a land allotment plan in connection with Shymanivske Steel’s proposal to lease the surface rights for the Shymanivske iron ore project from the city of Kryviy Rih. The land allotment plan is a detailed report to be prepared by Shymanivske Steel to show the city of Kryviy Rih how Shymanivske Steel proposes to use the leased land by describing the proposed major infrastructure and utility tie-ins required for the Shymanivkse project. Shymanivske Steel shall include the location of the iron ore open pit, equipment maintenance shop and refueling area as the main infrastructure needed in the land allotment plan. The utility tie-ins to be described in the land allotment plan include electrical power lines, fresh water connections, waste water connections and access roads. In connection with the approval from the Kryviy Rih City Council, the Shymanivske project is now officially shown on the city of Kryviy Rih’s territorial plan (an official city map that stipulates how land within the city of Kryviy Rih will be used).
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