KYIV, Sept 8 - Black Iron, a Canadian mining company, which is implementing a project to create a new iron ore plant in Kryvy Rih (Dnipropetrovsk region), plans to introduce a two-stage selection of potential investors to achieve the most effective result.

According to Black Iron's announcement, interest in the project from iron ore mining groups has increased significantly, given the sharp increase in iron ore prices, as well as China's plans to diversify its dependence on Australian raw materials. In particular, the project in Ukraine is of interest to parties that have already successfully passed due diligence, such as Glencore, and several new steel mills that have recently been in contact with the company.