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Tamino Minerals, Inc. Announces Corporate Strategy For Mineral Explorations Due To Surging Iron Ore Prices Caused By Ebola Outbreak
Tamino Minerals, Inc. Announces Corporate Strategy For Mineral Explorations Due To Surging Iron Ore Prices Caused By Ebola Outbreak.
About this update from Tamino Minerals Inc.
[{"type":"text","content":"\n \n Tamino Minerals, Inc. (OTC Pink: TINO) is pleased to announce that it \n has focused its efforts to expand its Mineral Exploration and Extraction \n operations by finalizing the strategy of acquisitions for the \n Exploration and Extraction of Iron Ore in Mexico.\n \n \n Industry Analysis & Trends\n \n \n The Industry weathered a volatile revenue performance over the past five \n years. Ultimately, though, tremendous price spikes prior to and \n following the recession offset any declines that occurred over the \n period. Over the next five years, surging demand from emerging countries \n will keep demand for iron ore at its current highs, spurring mining \n companies; such as Tamino Minerals, Inc., to ramp up production to \n capitalize on growing revenue and profit opportunities.\n \n \n Industry Statistics & Forecast\n \n \n \n Revenue $298bn\n \n \n Annual Growth 17.7%\n \n \n \n Global iron ore production is rising rapidly, with increases in \n production outstripping GDP growth over the next 10 years to 2024. Price \n increases well above inflation levels are also projected to produce \n particularly strong growth in industry value added (IVA), which measures \n the industry's contribution to the economy. Over the 10 years to 2024, \n IVA is expected to increase at an annualized rate of 10.8%. In \n comparison, world GDP is expected to increase at an average annual rate \n of 3.6%; therefore, the industry is growing as a share of the global \n economy. The growth represents the emergence of China as a major new \n market; which is an included market on the forward strategy of Tamino \n Minerals, Inc.\n \n \n Due to the recent increase of Iron Ore prices, it is understood that \n production from West Africa, specifically from Sierra Leone, has \n decreased substantially due to the Ebola outbreak in this region of the \n world.\n \n \n “The impact of Ebola in terms of iron-ore revenue is huge,” said Lansana \n Fofanah, a senior economist in Sierra Leone’s Ministry of Finance and \n Economic Development. “Iron ore is responsible for the country’s \n double-digit growth since 2011 until the Ebola outbreak.”\n \n \n With a 14% rise in China's iron-ore imports last month from a year \n earlier, exports of steel products have risen to a new record, iron-ore \n prices are expected ...