I love Twiggy's big green push into Hydrogen and Green Steel. But Green Iron ore still seems elusive because your filling the furnace with magnetite ore that has an enormous carbon footprint from mines like Citic and Gindalbie.
It seems Tucano Gold (the old Beadell Resources) in Northern Brazil are reviving their super green iron ore mill that uses tailings from their gold mill to produce a very high grade green iron ore. When Beadell ran this mill in 2014 their cash cost was only $4/t.
Tucano think the cost to produce a 70% magnetite concentrate is only $10 a tonne and more importantly their carbon footprint is a fraction of the iron ore miners.
Go to 10.30 minutes of this video for a brief summary of this exciting technology that is so simple.
LIVE Q&A with CEO Tucano Gold - Private Gold Mine About to go into Production (youtube.com)
It got me thinking, surely there is a lot of iron ore sitting in gold tailings in WA that could do the same. Isn't this the future of green low cost iron ore as FMG struggles with its magnetite operation while these iron ore rich tailings are sitting there waiting for some love?
If I was Twiggy I would be buying up every gold tailings in WA. Thoughts welcome.
BNW
- Forums
- ASX - By Stock
- FMG
- Green Iron Ore has an important future in WA
Green Iron Ore has an important future in WA
-
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.03 |
Change
0.065(0.33%) |
Mkt cap ! $61.14B |
Open | High | Low | Value | Volume |
$20.11 | $20.19 | $19.80 | $51.89M | 2.595M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 5647 | $20.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.03 | 3917 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1178 | 20.020 |
12 | 6323 | 20.010 |
10 | 5711 | 20.000 |
6 | 4536 | 19.990 |
10 | 5666 | 19.980 |
Price($) | Vol. | No. |
---|---|---|
20.030 | 3969 | 7 |
20.040 | 4702 | 7 |
20.050 | 7771 | 10 |
20.060 | 7249 | 12 |
20.070 | 7569 | 8 |
Last trade - 11.40am 02/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online