KYIV, April 8 – The Canadian mining company Black Iron Inc. with assets in Ukraine will submit an updated proposal to the Cabinet of Ministers of Ukraine within the framework of the investment agreement on the Shymanivske iron ore project, in accordance with the updated requirements and conditions.

"Black Iron Inc. announces that Ukraine’s Ministry of Economy has finalized all of its planned updates to the Investment Support Agreement (the Investment Agreement) legislation and is now accepting applications through Ukraine Invest," the company said in a press release.