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Canadian miner Black Iron leases 248 hectares of land in Ukraine's Kryvyi Rih to develop iron ore deposit

Photo by Wioletta Płonkowska / Unsplash

Canadian mining company Black Iron said it entered into a multi-year agreement with Ukraine's central city of Kryvyi Rih to lease 248 hectares of land, critical for the development of Shymanivske iron ore deposit. 

The lease encompasses a significant portion of the planned mining pit and extends westward beyond its boundaries to land owned by Ukraine's government, currently used by the Ministry of Defense as a training firing range.

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May 22 Intelligence Summary: Riley Risks recommends clients in east Ukraine accelerate contingency planning

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Current Regional Status Overview Region Current Risk Level Change Factor Key Triggers North MODERATE Degrading Incursion into Sumy Oblast East HIGH Degrading Tactical Disadvantages / Land South HIGH Degrading RU Offensive ZP / KHER West MODERATE No Change Missile / Drone Strikes Current Infrastructure Status Energy Food/Water Medical Communications Transportation ONLINE ONLINE

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