Tombador Iron Limited announced that the Company and its trading partner, Trafigura, are seeking the opportunity to develop sales into new export markets including the Asian markets given ongoing subdued demand for iron ore in the European export markets. Tombador Iron is therefore announced it has recently secured contracts for two export shipments of high-grade iron ore to be delivered to the Asian market in the March 2023 quarter. The contracts are for one lump and one fines shipment of approximately 45,000 wet metric tonnes each.

These export shipments have been made possible through the possibility of loading larger vessels of 45,000 wet metric tonnes through the port of Enseada, located in Maragogipe, Bahia, Brazil.