Understanding the demand for Green Steel, page-320

Whyalla moves closer to emissions-free production as Liberty Steel signs electric furnace contract - ABC News

Key points

• Liberty Steel has signed a $485 million deal for an electric arc furnace
• The furnace could reduce Whyalla steelworks' carbon emissions by 90 per cent by 2025
• Executive chairman Sanjeev Gupta says the furnace paves the way for green iron and green steel
• Whyalla to produce iron and steel without any carbon emissions.
• Mr Gupta said the production of green iron and steel would create another 1,000 permanent jobs in the city, in addition to the "thousands" of jobs during construction.

My understanding is that GFG now has a 2.5mtpa operation that generates a product containing 68 – 70 percent Fe magnetite concentrate with less than 2 percent silica. Gupta has a plan to expand this to 5mtpa ASAP and to 15 million tonnes a year by 2026 and reach the 30 million tonnes in 2030. Question is how? According to this report, MajorProjects.pdf their middleback range mine only has 179mt (Slurry pipe to Wyalla steelworks) + 12mt (Cairn hill) of hard magnetite.

So where are they going to get all of their magnetite from to produce 30mtpa ore in 2030? I know.....