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European banks to bankroll $300-mln iron ore project in Ukraine
Journal Staff Report

KYIV, Dec 6 – Canada's Black Iron, implementing the investment project to create a new iron ore production facility in Kryvy Rih (Dnipropetrovsk region), has said that it received expressions of interest from European banks and export credit agencies to provide $250 million to $300 million of debt.

The company said in a press release that Black Iron management continues to make sound progress arranging the financing for Shymanivske project construction.




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