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

More News From Banking Reporter

Shares in Germany's Bayer plunge on US weed killer ruling

Mar 21, 2019

BERLIN — Shares in chemicals manufacturer Bayer fell sharply Wednesday after a U.S. jury found the Roundup weed killer to have been a substantial factor in a California man's cancer. It's the second case that has gone against manufacturer Monsanto, which was acquired for $63 billion last year by the German company. Bayer's shares dropped 10 percent to 62.70 euros on the Frankfurt exchange. A federal court jury in San Francisco ruled unanimously Tuesday in a lawsuit against Monsanto. Attorneys say the trial could help determine the fate of hundreds of similar lawsuits. A second phase to the trial will...

BMW warns profits will fall due to costs, trade uncertainty

Mar 21, 2019

FRANKFURT, Germany — German automaker BMW said Wednesday that profits in 2019 would be "well below" last year's and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be eroded by higher raw materials prices, the costs of compliance with tougher emissions requirements and unfavorable shifts in currency exchange rates. The Munich-based automaker also faces increased uncertainty due to international trade conflicts that could lead to higher tariffs. The company forecast a profit margin of 6 to 8 percent for its...

French govt says growth revised downward due to protests

Mar 21, 2019

PARIS — France's finance minister has revised the country's growth forecast this year to 1.4 percent, down from the previous 1.7 percent, partly attributing the new estimate to the yellow vest protests. Speaking Tuesday at the Senate, Bruno Le Maire said the overall cost of damage linked to the four-month anti-government movement is estimated at 200 million euros ($227 million). Le Maire said France's revised growth is still higher than government forecasts in neighboring Germany (0.8 percent) and Italy (1 percent). He stressed that the French unemployment rate is decreasing, falling to 8.8 percent at the end of last year,...

Deutsche Bank, Commerzbank shares up despite merger concerns

Mar 21, 2019

FRANKFURT, Germany — Shares in Deutsche Bank and Commerzbank rose on Monday after the two said they were in merger talks, but that didn't stop people from questioning what a merger would accomplish. Deutsche Bank, Germany's biggest bank, and Commerzbank announced Sunday they would discuss a possible combination. News media reports have said Germany's finance minister, Olaf Scholz, favors a deal that would bring together two lenders that have been troubled over recent years, but unions fear that it could lead to major job losses. The German government deflected questions on the merger and wouldn't say whether it welcomed the...

Germany's Deutsche Bank, Commerzbank to hold talks on merger

Mar 21, 2019

BERLIN — Deutsche Bank, Germany's biggest bank, and domestic rival Commerzbank have decided to open talks on a possible merger, the lenders said Sunday in an announcement that followed months of speculation about such a combination. Commerzbank said in a one-sentence statement that the banks "have agreed today to start discussions with an open outcome on a potential merger." Deutsche Bank said its management board had decided to "review strategic options" and added that that there was no certainty of any transaction emerging. It said "in this context, we confirm that we are engaging in discussions with Commerzbank." A merger...

About Us

Banking Reporter is the largest-circulated online business news in the United States, bringing a whole new genre of business journalism more up close and more incisive.

Contact us: sales[at]bankingreporter.com

Subscribe Now!