ARMOS entered the metallurgical coal trading markets in 2009, which have collectively become one of the core products we trade. Coal is one of the most important commodities in the global economy. Metallurgical (coking) coal, which is used in steelmaking, is also setting record prices as Asia is purchasing in exponential quantities.
Our supply and asset focus is North and South America, with primary countries being the United States and Colombia. Our demand is highly correlated with iron ore buyers, primarily based in China and India.
ARMOS works with asset owners and investors to build full scale operations to extract coal for export on the spot and contract markets.
The iron and steel industry is closely linked to the ongoing and growing demand for steel throughout the world. China alone imports over 350M metric tonnes of iron ore annually to keep up with their steel production. Total iron ore production in 2010 was approximately 1.6bn tonnes; seaborne trade was estimated at 840m tonnes and worth approximately $100bn. Brazil and Australia are amongst their main suppliers, with the largest deposits of iron in the world and still can't keep up with the world's demand of this mineral. We believe that Chile is under-developed and is creating a great opportunity for investors. Small to mid-size mines have been selling into the local markets for sometime now. Because of the lack of access to investment capital, these miners are limited in their production capabilities. By investing in these groups, who have permits and leases to large and proven reserves, we enable the production and allow them to compete and supply larger quantities into the international market.
ARMOS entered the thermal coal trading markets in 2009, which have collectively become one of the core products we trade. Coal is one of the most important commodities in the global economy. Thermal coal, which is presently trading at record export prices, fires power plants around the world and is the primary source of electricity in Asia and other highly populated markets.
Our supply and asset focus is in North and South America, with primary countries being the United States and Colombia. Our demand is highly correlated with power generating requirements for steel plants in India and China.
ARMOS works with asset owners and investors to build full scale operations to extract coal for export on the spot and contract markets.
ARMOS offers direct access to other ferrous and non-ferrous mined products, processed material and raw materials that complement traditional seabourne iron ore and coal trade. Strategic pricing from multiple asset owners and shipping consolidation allow for economies of scale when purchasing from one sourcing partner.
Complementary mined products, processed material and resources include: mangnetite, magnesium, bauxite, petroleum coke, PCI coal, pig iron and chrome ore.