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