The study showed that the company's Shymanivske project is ranked in the lowest position of the business cost curve for pellet feed projects currently under development, while the project’s capital intensity (i.e. construction capital divided by annual production) of only $95/ tonne is ranked second lowest out of the projects in the extensive database of CRU Group, the agency that compiled the report.
“The CRU Group study confirms the feedback we have received from the steel industry following the release of our PEA in November 2017,” said Matt Simpson, Black Iron's chief executive officer.
“The Shymanivske project has a very attractive cost structure and an expected ideal product quality to meet future requirements of the global steel industry who are facing increasingly stringent environmental regulation. We are seeing strong interest from around the world in our project,” he added.