Tamino Minerals, Inc. Announces Corporate Strategy For Mineral Explorations Due To Surging Iron Ore Prices Caused By Ebola Outbreak
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
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.
Contact
Tamino Minerals Inc.
Pedro Villagran Garcia, 480-409-423311
President & CEO
pedro@taminominerals.com