BrazIron Limited is an exempted company incorporated in Bermuda.
Its mission has evolved from being a mineral exploration and development company with integrated metal production capacity to being a significant investor in various advanced mineral resources internationally. The Board of Directors has developed a strategic plan to achieve this goal with a flexible strategy that will continue to evolve as internal and external influences dictate.
BrazIron has spent a number of years developing and advancing its Iron Ore projects in Brazil. This has culminated in a significant JORC compliant Iron Ore Resource in the Urubu Project at Xique-Xique, which is currently awaiting mining approval by the Brazilian Department of Mines (DNPM).
In parallel to these developments, the Company identified changes in the global financial markets in 2014, as well as specifically within the Iron Ore sector. This initiated the Company to be proactive in minimizing cash expenditure whilst also looking for areas in which to diversify.
As a result, BrazIron entered into a binding share exchange agreement with Global Dynamic Group Limited (“Global”) in late 2014 to acquire 20% of its substantial Silica Metal Smelting Operations within China.
BrazIron’s investment in Global is an essential part of the Company’s future, with potential opportunities for a significant return on investment.
With existing operating facilities producing a range of high quality silicon metal products and a well established client base (both domestically within China and internationally), Global has allowed BrazIron to diversify its portfolio into an existing producing business with a value chain ranging from silica mining to smelting and sales. Bringing the assets of Global and BrazIron together creates a synergy allowing both parties to access better opportunities in the global market.
BrazIron will continue to manage the investment in Global and investigate new value-adding investment opportunities whilst continuing to maintain its cash preservation strategy. The Company believes this combination is the best way forward in order to return value to its shareholders.
Further details of each project are available in the Projects section of the site.