MGT magnetite mines limited.
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This is from NZ Steel's website:Meantime, the company had been...

  1. sassiandra
    367 Posts.
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    22/07/24
    23:53
    Post #: 74864898
    This is from NZ Steel's website:
    Meantime, the company had been pioneering the direct reduction process for reducing iron oxide (ironsand) into metallic iron.
    https://www.nzsteel.co.nz/new-zealand-steel/the-story-of-steel/the-history-of-ironsand/

    They do not say so, but I believe the direct reduction used an electric furnace.

    MGT Price at posting: 28.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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