Iron Ore Supply Disruptions Create Market Opportunities, Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Expects Major Developments in 2019

The latest industry developments and production slowdowns have contributed to upward iron ore price pressures As of March 2019, the price of iron ore has registered one of its highest levels in almost a year Iron ore production companies like Black Iron Inc. are positioned to benefit from the opportunities created by the high prices and the latest market dynamics Black Iron expects to sell the premium iron pellet feed it will extract from the Shymanivske Project at rates exceeding the benchmark iron ore price in the coming years

Production disruptions in Brazil and other market dynamics have contributed to surging iron ore prices (http://nnw.fm/of10L). According to the Commonwealth Bank, iron ore prices could be heading back to $100 a ton, a level that has not been reported since 2014.

Since November 2018, iron ore prices have increased by nearly 40 percent. The Vale-BHP Brumadinho Corrego do Feijao mine accident in Brazil contributed to the complete halting of 11 operations by Vale (NYSE: VALE), the world’s largest iron ore miner, as per…

Read More>>

The technical and scientific contents of this article have been reviewed and approved by Matt Simpson, P.Eng., CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

Sherpa guide climbs Everest 24th time, outdoing own record

May 22, 2019

KATHMANDU, Nepal — A Sherpa mountaineer extended his record for successful climbs of Mount Everest with his 24th ascent of the world's highest peak on Tuesday. Kami Rita reached the 8,850-meter (29,035-foot) peak Tuesday, which was his second time on the summit in a week. He climbed to the top on May 15 then returned to base camp before climbing again this week. Nepal Department of Tourism official Mira Acharya said Rita reached the summit on Tuesday along with several other climbers taking advantage of favorable weather. There are 41 teams with a total of 378 climbers permitted to scale...

Lonely Planet's top destination suffers a blow after blasts

May 22, 2019

HIKKADUWA, Sri Lanka — Sipping fresh coconut water while sunbathing on deserted Hikkaduwa beach, Alexi Konchayenko, a sports trainer from Ukraine, struck a stoical note. Bomb blasts can happen "anywhere, anytime," he said, adding that he was not afraid. "Sri Lanka is an amazing country. This is my first visit and I will tell my friends also to come." His is a lone voice — and a lone presence. Sri Lanka was the Lonely Planet guide's top travel destination for 2019, but since the Easter Sunday attacks on churches and luxury hotels, foreign tourists have fled. Many of those booked...

Sri Lanka again blocks social media amid communal unrest

May 22, 2019

COLOMBO, Sri Lanka — Sri Lanka's government has temporarily blocked social media and messaging apps following a flare-up of communal violence, the third time it has taken such a step since last month's Easter attacks that killed more than 250 people, an official said Monday. The government acted after an exchange of accusations between two people on Facebook led a mob to attack a Muslim-owned shop Sunday in the Catholic-majority town of Chilaw, said Nalaka Kaluwewa, the chief of the Information Department. Police imposed a curfew in the town, located about 80 kilometers (50 miles) north of Colombo, the capital,...

US commerce secretary urges India to open markets further

May 22, 2019

NEW DELHI — U.S. Commerce Secretary Wilbur Ross said on Tuesday that American technologies and expertise could play an important role in developing India's economy, but were facing significant barriers to accessing its markets. Ross told a gathering of business leaders in New Delhi that foreign companies were at a disadvantage due to India's tariff and non-tariff barriers and myriad regulations. Ross said India was already the world's third largest economy and by 2030 it would become the world's largest consumer market because of the rapid growth of its middle class. "Yet today, India is only the U.S 13th largest...

Strong cyclone lashes east India, impacts Asian subcontinent

May 22, 2019

NEW DELHI — Cyclone Fani tore through India's eastern coast on Friday as a grade 5 storm, lashing beaches with rain and wind gusting up to 205 kilometers (127 miles) per hour and affecting weather as far away as Mount Everest. The India Meteorological Department said the "extremely severe" cyclone in the Bay of Bengal hit the coastal state of Odisha around 8 a.m., with weather impacted across the Asian subcontinent. Dust storms were forecast in the desert state of Rajasthan bordering Pakistan; heat waves in the coastal state of Maharashtra on the Arabian Sea; heavy rain in the northeastern...

Search
Broaden News

Sign up now!

Recent Discovery will take you to the captivating developments in science, technology, and the universe around us. We deliver to you the latest news, theories, and developments in the world of science.

Contact us: sales[at]recentdiscovery.com