Iron Ore Prices Going Up, Market Dynamics Create Significant New Opportunities for Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN)

License revocation and production cuts involving world’s largest iron ore producer have already contributed to upward price trends in the iron ore market Existing shortage in pellet production feed expected to worsen as a result of recent events in Brazil These latest market developments are creating positive conditions and opportunities for industry representatives like Black Iron that already benefit from strategic advantages

The world is anticipating an annual iron ore production loss of 70 million metric tons after Brazilian state regulators revoked the license for the second-largest iron ore mine owned by Vale (NYSE: VALE) – the world’s largest iron ore miner – on February 5, Bloomberg reported (http://nnw.fm/tAeU3). The 30 million metric tons of production lost at this mine are in addition to Vale’s earlier announcement that it is taking 10 of its mines with upstream tailings dams out of production, representing 40 million metric tons of production. The license revocation is providing strong indications that company operations are not going to return to normal in the near future. Vale SA came under strict government scrutiny after a fatal accident caused the death of over 150 people and halted mining operations on January 25, 2019.

As a result of the license revocation and suspension of operations, Vale declared force majeure on some of its…

Read More>>

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

Police: Aurora gunman likely knew he was being fired

Feb 16, 2019

AURORA, Ill. — The man who gunned down five co-workers and wounded a sixth at a suburban Chicago manufacturing warehouse before shooting and wounding five police officers brought his gun to a meeting in which he was going to be fired, authorities said Saturday. Because Gary Martin brought his gun to Friday's meeting at the sprawling Henry Pratt Co. warehouse in Aurora, he likely knew he might be about to lose the job he had held for 15 years, police Chief Kristen Ziman said at a news conference. Ziman said she didn't know what had been conveyed to Martin, why...

Tear gas, hate speech marks 14th yellow vest protest

Feb 16, 2019

PARIS — Police fired tear gas and brought in water cannons and a horse brigade to disperse several thousand yellow vest protesters Saturday massed near a Paris landmark at the end of a march through the French capital, the 14th straight weekend of demonstrations. Anti-Semitic remarks hurled by a few at a noted philosopher on the protesters' route were the bitter finale to a day of tension. Acrid clouds of tear gas filled the esplanade of Les Invalides monument, obscuring the gold dome that crowns the monument housing Napoleon's tomb. Tension also marked demonstrations in other cities. In Rouen, in...

The Latest: Aurora victim started internship day he died

Feb 16, 2019

AURORA, Ill. — The Latest on the mass shooting at a warehouse in Aurora, Illinois (all times local): 2:15 p.m. One of the five people who were killed by a fired worker at a suburban Chicago industrial warehouse was a 21-year-old college student who had started interning there that day. Jay Wehner says his nephew, Trevor Wehner, began his human resources internship at the Henry Pratt Co. in Aurora on Friday. Authorities say a 45-year-old worker pulled a gun after being fired and fatally shot Wehner and four other employees. They say he wounded a sixth employee and five police...

NBA, FIBA announce plans for pro league in Africa

Feb 16, 2019

CHARLOTTE, N.C. — The NBA is bringing a pro league to Africa. The Basketball Africa League, a new collaboration between the NBA and the sport's global governing body FIBA, was announced Saturday. The initial plan is for the 12-team league to begin play in January, and former President Barack Obama is among those who are expected to have direct involvement with the league's operations. It's yet to be determined which existing club teams will be part of the league. Qualification tournaments will be held later this year to determine those clubs, with teams from Angola, Egypt, Kenya, Morocco, Nigeria, Rwanda,...

The Latest: NBA, FIBA bringing pro league to Africa

Feb 16, 2019

CHARLOTTE, N.C. — The Latest on NBA All-Star Weekend (all times local): 12:50 p.m. The NBA is bringing a pro league to Africa. The Basketball Africa League, a collaboration between the NBA and the sport's global governing body FIBA, was announced Saturday. The initial plan is for the 12-team league to begin play in January. It's yet to be determined which existing club teams will be part of the league. Qualification tournaments will be held later this year to determine those clubs, with teams from Angola, Egypt, Kenya, Morocco, Nigeria, Rwanda, Senegal, South Africa and Tunisia expected to be among...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com