The Northern Miner Podcast - episode 134: Iron ore markets post-Vale disaster, Ukraine update ft Black Iron's Matt Simpson

Global iron ore markets are under great stress in the wake of Vale’s horrific tailings-dam disaster near Brumadinho in Brazil, which has resulted in 10% of the world’s iron ore production being removed from the market.

Matt Simpson

Iron ore expert Matt Simpson, co-founder and CEO of junior Black Iron (TSX: BKI; US-OTC: BKIRF) and CEO of merchant bank Forbes & Manhattan, joins the podcast to explain the new landscape for iron ore markets worldwide.

Matt also updates us on developments with Black Iron’s Shymanivske iron ore project in Ukraine, where the company has signed a milestone financing and offtake MOU with supermajor Glencore (LON: GLEN) to help develop the project.

He further explains Ukraine’s current geopolitical situation in this interview recorded on Feb. 28, 2019.

Standing on the Shymanivske iron ore deposit near Kryvyi Rih, Ukraine, from left: Alexander Sobko, environment specialist at Black Iron subsidiary Shymanivske Steel; Matt Simpson, CEO of Black Iron; Lyudmila Reminskaya, consultant on land issues, Shymanivske Steel; Mykola Bayrak, general director of Shymanivske Steel; Pavlo Komarytsky, first deputy general director, Shymanivske Steel; Yana Novikova, general director’s assistant, Shymanivske Steel; and Yevgeny Nikolenko, chief geologist at Shymanivske Steel. Photo by John Cumming.

Amit Gupta

This episode includes a “Mining Minute” promoted-content segment with Amit Gupta, chairman and CEO of Montreal-based gold explorer Yorbeau Resources. Yorbeau has gold properties in Quebec’s Abitibi region, including one that has been newly optioned to Iamgold. Visit www.yorbeauresources.com for more information.

This podcast is sponsored by the Yukon Mining Alliance (www.yukonminingalliance.ca).