Wednesday, November 19, 2014 6:09:59 PM
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.
The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM