Australian Tombador Iron announced that it had obtained contracts to supply two export shipments of its high-grade iron ore to the Asian market. Because the iron ore demand from European markets was low, Tombador Iron tried to develop the Asian market.

Tombador and its trading partner, Trafigura, will supply one lump and one fines shipment with approximately 45,000 wet metric tons each. The shipment was expected to be delivered in the March 2023 quarter.

The CEO of Tombador Iron indicated that this was a great opportunity to enter the Asian market and unlock volumes with larger vessels via Enseada Port.