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

Australian iron ore miner Tombador has signed two contracts with VLI Multimodal and Polimodallog Logistica e Transportes (Polimodal) to ship iron ore from Bahía, Brazil.


Under the contract with VLI, which operates the Aracaju Port in Brazil, will render stockpile storage capacity, material handling, and ship loading services, for loading initial shipments of 35,000mt of iron ore with the option to expand the port storage capacity, the Australian miner said in a statement on Apr 12. 


Tombador’s iron ore mining project in Bahía, which is pending regulatory approvals, is expected to commence iron ore production in the second quarter of this year.


The company’s plant has an annual capacity of 3.3mn mt and with a mineral resource estimate of 10mn mt of 67pc Fe content iron ore in its hematite lump product.


Polimodal will provide truck haulage services from Tombador’s mine to the Aracaju Port. Under the agreement, Polimodal will cart the iron ore lump and fines products 700km to Aracaju Port and both the companies will work to mobilize an initial fleet of trucks to build a product stockpile at the port for the miner’s export shipments.


Brazil’s imports of iron ore and concentrates declined to 53,774mt in March, from 54,184mt in the same month of 2020, according to the latest figures from the country’s ministry of economy.


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