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 Enter Hollywood

North, South Korean musicians hold rare joint performance

May 26, 2019

SHANGHAI — South Korean violinist Won Hyung Joon took the stage, nodded once to his North Korean soprano partner, and placed his instrument on his shoulder. With a flick of the conductor's wrist, she began to sing, and he began to bow — the beginning of a rare joint performance Sunday that they hope will bring the Koreas closer amid deadlocked nuclear diplomacy. "Until today, I was thinking, will this really happen? Will it suddenly be canceled?" Won said. "Today was the day my dream finally came true." Won, donning a white shirt, and Kim Song Mi, sporting a sparkling...

Michael Wolf, photographer of mega-cities, dies in Hong Kong

May 26, 2019

HONG KONG — Michael Wolf, an award-winning photographer known for his work depicting megacities, has died at his home in Hong Kong. He was 64. Wolf died in his sleep on Wednesday, said Sarah Greene, an art gallery director who worked closely with him. She did not give a cause of death. Wolf won first prize in the World Press Photo competition twice, for contemporary issues in 2005 and for daily life in 2010. His body of work included Tokyo, Chicago, Paris and Hong Kong, where Wolf moved in 1994. "His main muse was Hong Kong," said Greene, the director...

Artisan keeps his craft alive with each carved mahjong tile

May 26, 2019

HONG KONG — Just opposite the entrance to a neon-lit night market, one of Hong Kong's few remaining carvers of mahjong tiles engraves the two Chinese characters for the number 8,000 on a piece of acrylic. With a knife in his right hand, Cheung Shun-king turns the tile with the other to cut into it. From time to time, he gently blows away the shavings. His is a dying craft in an era of mass-produced tiles for the table-top game, popular in southern China, Hong Kong and Taiwan. The 65-year-old artisan believes there are only three or four carvers left...

Fed Cup semi: Australia, Belarus tied 2-2 ahead of doubles

May 26, 2019

BRISBANE, Australia — The Fed Cup semifinal between Australia and Belarus is going to a doubles decider. Victoria Azarenka beat Australia's Sam Stosur in the second reverse singles Sunday 6-1, 6-1 in 59 minutes to even the match at 2-2 on hard courts at Pat Rafter Arena. In the second set, Azarenka went ahead 3-1 when Stosur double-faulted to set up break point. Azarenka's win was met with loud cheers from the small but noisy group of Belarusian fans waving their country's red and green flag. In the deciding doubles, Ashleigh Barty and Stosur were expected to play Vera Lapko...

Fed Cup semifinal: Australia, Belarus level after 1st day

May 26, 2019

BRISBANE, Australia — Australian Ashleigh Barty beat doubles partner Victoria Azarenka of Belarus 7-6 (2), 6-3 to level their Fed Cup semifinal at 1-1 on Saturday. Barty's win on hard courts at Pat Rafter Arena ended Azarenka's 13-match winning streak in the Fed Cup. "I knew the first set would be key," Barty said after the opening day of singles. "It was just about me coming out and doing everything right. I prepared really well all week. This is why we train, we want to get down to crunch time, go out and enjoy it." Earlier, Aryna Sabalenka gave Belarus...

Sign up now!