Iron Ore Supply Disruptions Create Market Opportunities, Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Expects Major Developments in 2019

The latest industry developments and production slowdowns have contributed to upward iron ore price pressures As of March 2019, the price of iron ore has registered one of its highest levels in almost a year Iron ore production companies like Black Iron Inc. are positioned to benefit from the opportunities created by the high prices and the latest market dynamics Black Iron expects to sell the premium iron pellet feed it will extract from the Shymanivske Project at rates exceeding the benchmark iron ore price in the coming years

Production disruptions in Brazil and other market dynamics have contributed to surging iron ore prices (http://nnw.fm/of10L). According to the Commonwealth Bank, iron ore prices could be heading back to $100 a ton, a level that has not been reported since 2014.

Since November 2018, iron ore prices have increased by nearly 40 percent. The Vale-BHP Brumadinho Corrego do Feijao mine accident in Brazil contributed to the complete halting of 11 operations by Vale (NYSE: VALE), the world’s largest iron ore miner, as per…

Read More>>

The technical and scientific contents of this article have been reviewed and approved by Matt Simpson, P.Eng., CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.

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

US stocks veer lower, on track to extend last week's losses

Mar 26, 2019

U.S. stocks turned modestly lower in afternoon trading Monday after spending much of the morning wavering between gains and losses. Technology companies accounted for much of the decline. Chipmaker Micron Technology dropped 2.8 percent. Financial, communication and health care stocks also helped pull the market lower. Synchrony Financial slid 1.4 percent, Twitter slid 1.7 percent and CVS Health gave up 1.9 percent. Consumer discretionary stocks notched gains. Homebuilders Lennar and D.R. Horton were among the biggest gainers, adding 3.2 percent and 2.9 percent, respectively. Several retailers also rose, led by a 2.7 percent gain by Macy's. The market is now...

5 questions Congress will have for Boeing, FAA this week

Mar 26, 2019

The relationship between Boeing and the Federal Aviation Administration, which has set the global standard in aviation safety for decades, will come under unprecedented scrutiny this week after two deadly airline crashes. Both accidents involved a Boeing jet green-lighted by the U.S. regulator, which relied heavily on safety assessments made by Boeing employees. In a startling break from the past, other nations and airlines grounded the Boeing 737 Max en masse after the second fatal crash this month while the same model of plane continued to carry tens of thousands of passengers a day in the United States. This week,...

Developer confident Russia-Germany pipeline to get permit

Mar 26, 2019

BERLIN — Developers behind a natural gas pipeline from Russia to Germany said Monday they are confident of getting an outstanding permit from Denmark to close the gap on the 1,200-kilometer (746-mile) route and played down the possibility that companies involved in the project could be hit by U.S. sanctions. A spokesman for Nord Stream 2 said the company has submitted proposals for two routes around Denmark's island of Bornholm that are currently pending with authorities in the Nordic nation. One of the routes goes through Danish territorial waters and would require permission from the country's foreign ministry. A second...

World markets slide on concerns over global growth

Mar 26, 2019

BANGKOK — World shares were mostly down on Monday, extending last week's late sell-off as surveys suggest significant slowdowns in economic growth in Europe and the U.S. In midday trading Monday, the FTSE 100 in Britain lost 0.6 percent to 7,171 as uncertainty over Brexit continued. British Prime Minister Theresa May was under intense pressure to resign as the price of breaking the country's Brexit impasse and winning support for her unpopular EU divorce deal. The CAC 40 in France declined 0.3 percent to 5,252 and Germany's DAX also fell 0.3 percent to 11,332, despite a survey there showing that...

Survey: Business economists see slowdown in growth this year

Mar 26, 2019

WASHINGTON — The nation's business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration's predictions that growth will accelerate this year and next. That finding comes from the latest survey by the National Association for Business Economics being released Monday. Its economists collectively project that growth, as measured by the gross domestic product, will reach a modest 2.4 this year and just 2 percent in 2020. Among the key factors in their dimmer assessment are a global slowdown and the ongoing trade conflicts between the Trump administration and...