A major Asian company has shown interest in the Black Rock investment project to create an iron ore manufacture in Kriviy Rih.

It is reported that the investor intends to inject $50 million in the Shimanovsky Mining and Processing Works in return for the construction contract.

Earlier Black Rock has addressed several European loan agencies and banks asking for a long-term financing and some of them promised to help in late August.

The creation of Shimanovsky GOK is expected to bring $1.2 billion of investments to Ukraine. The first stage will produce 4 million tons of iron ore raw materials per year with the iron content of 68%. Investments are estimated at $436 million. (Ukrainian metal)

Leave a Reply