Tombador Iron, an Australian iron ore mining company, announced today that it has signed contracts to supply two export shipments of high-grade iron ore to the Asian market. Because of the low demand for iron ore in European markets, Tombador Iron changed its focus to developing the Asian market.
Tombador and its trading partner Trafigura will each supply a lump sum and approximately 45,000 wet metric tons of iron ore. The shipment was scheduled to arrive in the March 2023 quarter.
The company's CEO stated that this is a fantastic opportunity to enter the Asian market, and that volumes will be unlocked with larger vessels through the Port of Enseada.