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Tombador Iron: Secures contracts to enter Asian market

Tombador Iron Secures contracts to enter Asian market

  • Tombador Iron (TI1) secures contracts to supply its high-grade iron ore to the Asian market
  • The company and its trading partner, Trafigura, sought Asia as a result of “subdued demand” for iron ore in the European export markets
  • The company will supply one lump and one fines shipment of approximately 45,000 wet metric tonnes each to the Asian market
  • The company says it plans to keep the door open to further sell its product in both domestic and export markets depending on market conditions
  • TI1 shares are trading at 3 cents at 2:46 pm AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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