Tamino Minerals, Inc. Announces Corporate Strategy For Mineral Explorations Due To Surging Iron Ore Prices Caused By Ebola Ou...
17 Octobre 2014 - 7:45PM
Business Wire
Tamino Minerals, Inc. (OTC Pink: TINO) is pleased to announce
that it has focused its efforts to expand its Mineral Exploration
and Extraction operations by finalizing the strategy of
acquisitions for the Exploration and Extraction of Iron Ore in
Mexico.
Industry Analysis & Trends
The Industry weathered a volatile revenue performance over the
past five years. Ultimately, though, tremendous price spikes prior
to and following the recession offset any declines that occurred
over the period. Over the next five years, surging demand from
emerging countries will keep demand for iron ore at its current
highs, spurring mining companies; such as Tamino Minerals, Inc., to
ramp up production to capitalize on growing revenue and profit
opportunities.
Industry Statistics &
Forecast
- Revenue $298bn
- Annual Growth 17.7%
Global iron ore production is rising rapidly, with increases in
production outstripping GDP growth over the next 10 years to 2024.
Price increases well above inflation levels are also projected to
produce particularly strong growth in industry value added (IVA),
which measures the industry's contribution to the economy. Over the
10 years to 2024, IVA is expected to increase at an annualized rate
of 10.8%. In comparison, world GDP is expected to increase at an
average annual rate of 3.6%; therefore, the industry is growing as
a share of the global economy. The growth represents the emergence
of China as a major new market; which is an included market on the
forward strategy of Tamino Minerals, Inc.
Due to the recent increase of Iron Ore prices, it is understood
that production from West Africa, specifically from Sierra Leone,
has decreased substantially due to the Ebola outbreak in this
region of the world.
“The impact of Ebola in terms of iron-ore revenue is huge,” said
Lansana Fofanah, a senior economist in Sierra Leone’s Ministry of
Finance and Economic Development. “Iron ore is responsible for the
country’s double-digit growth since 2011 until the Ebola
outbreak.”
With a 14% rise in China's iron-ore imports last month from a
year earlier, exports of steel products have risen to a new record,
iron-ore prices are expected to increase throughout 2015.
(Marubeni, Japanese Iron Ore Investment Company)
Tamino Minerals, Inc. is a Montreal-based mining exploration
company committed to delivering value to its shareholders by
acquiring, developing and mining precious metals deposits in
Mexico.
On behalf of the Board
Pedro Villagran Garcia
President & CEO
Tamino Minerals Inc.
President & CEO pedro@taminominerals.com
480-409-4233
Forward Looking Statements
Certain information contained in this press release, including
any information as to our strategy, plans or future financial or
operating performance and other statements that express
management's expectations or estimates of future performance,
constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements, other than
statements of historical fact, are forward-looking statements. The
words "believe," "expect," "will," "anticipate," "contemplate,"
"target," "plan," "continue," "budget," "may," "intend,"
"estimate," "project" and similar expressions identify
forward-looking statements. Forward-looking statements are subject
to risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking
statements, including, but not limited to, certain delays beyond
the company's control with respect to its plans or operations. Our
actual results may differ materially from the results anticipated
in these forward-looking statements due to a variety of factors,
including, without limitation those set forth as "Risk Factors" in
our filings with the SEC which can be found at www.sec.gov. There
may be other factors not mentioned above or included in the
Company's SEC filings that may cause actual results to differ
materially from those projected in any forward-looking statement.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Tamino Minerals Inc.Pedro Villagran Garcia,
480-409-423311President & CEOpedro@taminominerals.com
Tamino Minerals (CE) (USOTC:TINO)
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