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Barter Trades

In 2005 EIRON also diversified into barter trade and engaged in an approximate USD25 million rail cars for iron ore transaction with C.V.G. Ferrominera Orinoco C.A.

Over a period of approximately 14 months, 500 rail cars (gondolas, hoppers and side dumpers) were supplied by EIRON to Venezuela. These rail cars are employed daily and form part of C.V.G. Ferrominera Orinoco C.A.’s logistical back bone.

The success of this project has realized the negotiation of further barter related transactions with clients in Turkey and South America.


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