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Canada’s Black Iron mining company has signed a preliminary agreement with an American institutional investor to raise US $100 million

Canada’s Black Iron mining company has signed a preliminary agreement with an American institutional investor to raise US $100 million

Canada’s Black Iron mining company has signed a preliminary agreement with an American institutional investor to raise US $100 million to create new iron ore production in Kryvyi Rih, Dnipropetrovsk region. Saying the planned investment “changes the rules of the game for Black Iron,” Black Iron CEO Matt Simpson said it would allow the company to start construction in the second half of the year.

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