- Tombador Iron (TI1) has executed contracts with two Brazilian logistics providers for the transport and storage of its iron ore
- Under a service agreement, POLIMODALLOG LOGISTICA E TRANSPORTES will cart Tombador’s iron ore from the mine to the Aracajú Port
- Under a contract, Aracajú Port’s operator VLI MULTIMODAL will provide storage capacity, material handling, and ship-loading services for the ore
- This will allow Tombador to export its iron ore product from Brazil to the international market
- Tombador Iron is down 1.37 per cent and trading at 7.2 cents per share
Tombador Iron (TI1) has executed contracts with two Brazilian logistics providers for the transport and storage of its iron ore.
The company’s iron ore comes from a mine site in Sento Sé, in Brazil’s Bahia State. The two contracts will cover the transport of the ore from the mine to the Aracajú Port and storage of the ore once it is there.
Under a trucking services agreement, POLIMODALLOG LOGISTICA E TRANSPORTES will provide truck haulage services to Tombador Iron. Polimodal will cart the iron ore lump and fines products from the Tombador mine to the Aracajú Port, located 700 kilometres away in Brazil’s Sergipe State.
Polimodal will use the established road routes from the mine in Sento Sé to the Aracajú Port to transport the iron ore. Tombador Iron will collaborate with Polimodal to mobilise an initial fleet of trucks in line with licensing, in order to build a product stockpile at Aracajú for export shipments.
Tombador has also executed a contract with VLI MULTIMODAL, the operator of Aracajú Port’s Terminal Marítimo Inácio Barbosa. Under the contract, VLI will provide stockpile storage capacity, material handling and ship-loading services for the company’s iron ore, once it arrives.
The storage capacity and other related services will be sufficient for loading initial shipments of 35,000 tonnes per shipment. However, there will be the option to expand the port storage capacity.
These contracts will allow Tombador to export its iron ore product from its source in Brazil to the international market.
Tombador Iron’s CEO, Gabriel Oliva, commented on its contract with VLI.
“We are delighted to finalise this agreement with VLI, a major logistics provider in Brazil,” he said.
“VLI has a reputation for being a reliable operator and we look forward to working with VLI and Trafigura in loading Tombador’s export shipments,” he added.
Tombador Iron is down 1.37 per cent, trading at 7.2 cents per share at 1:36 pm AEST.