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Ukraine's new investment law is boon for Black Iron

Ukraine’s new investment law will immediately shave nearly 10% off the development costs for Toronto-listed Black Iron’s Shymanivske iron ore project, CEO Matt Simpson told Mining Journal.

Ukraine's new investment law is boon for Black Iron Ukraine's new investment law is boon for Black Iron Ukraine's new investment law is boon for Black Iron Ukraine's new investment law is boon for Black Iron Ukraine's new investment law is boon for Black Iron

Black Iron's Shymanivske project lies 330 kms southeast from Kiev in central Ukraine

The law, which offers exemption from VAT and duty on imported mining equipment, as well as no corporate tax for five years, will mean a US$40 million reduction on Shymanivske's capex figure of about