Canadian iron-ore developer Black Iron says high-grade iron-ore pellet product should sell at a premium for the next few years, resulting in attractive project economics for its planned Shymanivske project, in the Ukraine.
A deadly dam burst in Brazil on January 25 has lit a fire under iron-ore prices, after Vale was forced to take 11 mines off line, impacting on 70-million tonnes a year of production. This resulted in iron-ore prices spiking to $87/t for benchmark 62% iron content fines and to $101/t for 65% iron content ore.