Markland Resource Development Inc. has focused on exploring and developing of Iron and Titanium minerals in Eastern Canada. The company has identified strong reasons to focus on this specific mining sector:
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Iron, Titanium and Zircon are huge growth industries – Iron $40 billion per year; Titanium – $10 billion per year; Zircon – $2 billion per year.
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The current buoyant market conditions in steel are expected to continue throughout 2006 and 2007, according to industry observers. Steel demand in China is forecast to grow between 7-10% in 2006.
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Significant growth potential – 40% of demand in U.S. The Chinese market for-TiO2 is growing rapidly, from under 0.2Mt in the mid-1990s to 0.4Mt in 2001, 0.3Mt of which was produced domestically.
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Iron ore prices are at a 20 year high and are expected to continue to increase due to worldwide supply imbalance. |
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