Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Tombador Iron made its first shipment comprised of 38,045mt of iron ore lump from Brazil to Europe. The company anticipates all its extraction to be high-quality Fe 65pc grade but shipped while awaiting final certification of analysis. 


The company met its shipping target for Q2 2021. The shipments price was established on a fixed price basis given the present high iron ore rates. The cargo was sold to a northern European steelmaker through the company’s Trafigura export marketing arm.


Gabriel Oliva, the company’s chief executive officer, noted that with operations up and running, the firm will now focus on increasing production and marketing.

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