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Black Iron Retains Wood PLC To Complete Shymanivske Feasibility Study
TORONTO, ON / ACCESSWIRE / June 30, 2021 / Black Iron Inc. ("Black Iron" or the "Company") (...
About this update from Black Iron Inc.
[{"type":"text","content":"Black Iron Retains Wood PLC To Complete Shymanivske Feasibility StudyTORONTO, ON / ACCESSWIRE / June 30, 2021 / Black Iron Inc. (\"Black Iron\" or the \"Company\") (TSX:BKI)(OTC PINK:BKIRF)(FRA:BIN) is pleased to announce that Wood PLC (\"Wood\") has initiated work on the completion of an updated Feasibility Study (\"FS\") for the Company's Shymanivske Iron Ore Project (the \"Project\") based on a phased buildout from 4Mtpa to 8Mtpa of premium 68% grade pellet feed. Wood's personnel have extensive experience in the development of major resources projects, spanning all facets of project management and engineering and a proven track record working efficiently in Former Soviet Union (\"FSU\") countries.With 40,000 professionals, across 60 countries, Wood is a global leader in consulting and engineering across energy and the built environment. Black Iron's Project will be led by Wood's Oakville, Ontario office and involve experts from their other offices located in FSU countries who have extensive relevant firsthand construction experience in the region.While Wood's team will be responsible for the overall feasibility study including the processing plant, cost estimate and economics analysis, they will be joined by P&E Mining Consultants Inc. (\"P&E\") who solely focus on the design and equipment selection of mining projects. Watts Griffis and McOuat (\"WGM\"), iron ore experts, will contribute to the geological sections of the study. WGM and P&E were involved in both of Black Iron's prior feasibility studies so know the Project very well which will save time.Matt Simpson, President and CEO of Black Iron, commented, \"This is an important milestone for Black Iron as completion of an updated feasibility study along with the currently ongoing environmental and social impact assessment are essential inputs to secure binding debt and royalty financing funds for Project construction.\"Mr. Simpson continued, \"Wood, P&E and WGM were selected based on a competitive bid process given the highly experience team members assigned to Black Iron's Project. In addition to their extensive technical expertise, majority of the team assigned have substantial experience developing and constructing projects in the FSU.\"Scope of the Feasibility StudyThe FS will build on the amended Preliminary Economic Assessment of the Shymanivske Iron...