Vacre, in short Iron marking has relied on met Coal which runs...

Vacre, in short Iron marking has relied on met Coal which runs at about $130 per tonne as it's reductant ; Iron ore which as we know has tanked in price to about $50 per tonne, also a flux product, which is typically lime in smelting operations, this is used to which draw out impurities . These are the primary products used in the chain to create iron.

The matmor retort which is patented to ECT, is a brillant piece of engineering which actually works with lignites chemical elements. The cost difference in raw material product using matmor is significantly cheaper instead of Met coal at around $130 a tonne ; they use lignite ; instead of iron ore at the current price of about $50 per tonne they use slims / tailing waste product ; both use flux.

The Coldry plant which is required for the process , produces what's typically a coldry proceed pellet which instead of just lignite, contains a mix of slims tailings waste ( what's the cost on waste ??) /lignite ( what's the cost on raw lignite ??? About $4.) /flux ; this product is fed into the matmor retort; what you get from there is a product that's which is a high quality substitute for scrap metal which is fed into induction or electrics arc furnaces, these type of furnaces are generally fed with scrap metal for recycling, the MATMOR product is a high-quality substitute for this scrap metal feed

Big ass cost saving here also