HomeFinTechTombador Iron: Secures contracts to enter Asian market

Tombador Iron: Secures contracts to enter Asian market

Date:

January 29, 2023

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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