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…

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