Ukraine: Black Iron to use EBRD loan to construct Shimanovskoye GOK

Black Iron intends to use loans, including from EBRD, to construct Shimanovskoye Mining and Processing Works.

“Recently the bank has decided to invest $350 million into ArcelorMittal Kirviy Rih, which is close to our deposits”, the company said.

The first stage of construction presupposes the GOK capacity of 4 million tons per year, and the second – 8 million tons. (Ukrainian metal)