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Asian firm offers $50-mln for equity in Black Irons plant in Kryvyy Rih
Journal Staff Report

KYIV, Aug 13 One of the largest Asian companies has expressed an interest to invest approximately $50 million in equity in exchange for being awarded the construction contract in Canada's investment project to create a new iron ore production facility in Kryvy Rih being implemented by Canada's Black Iron.

"In September 2019, Black Iron management will be hosting a multibillion-dollar Asian construction company at site that have expressed an interest to invest approximately $50 million in equity in exchange for being awarded the construction contract. This group has already completed a detailed review of the Shymanivske project resulting in a non-binding expression of interest including $50 million funding offer being submitted," Black Iron said in a press release, without specifying the name of the potential investor.




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