Caps lock for clarity only:) For new investors, extracts from...

Caps lock for clarity only

For new investors, extracts from 'only moneys’ strong research and earlier post and factorial link in 'black and white’, disclosing the standing report dated 10.8.16 on Coal and Steel India regarding Indians projected movements on R&D (Research and development) in the iron and steel sector in India.

Those unfamiliar, please check wording against the presented report and link as i have added in explanatory text where items 99.9% apply to ESI/ECTs coldry or matmor technologies

Some of the key messages

• 90% of coking coal in India are procured from IMPORTED resources due to a LACK OF DOMESTIC availability of desired variety (NOTE we have tested Indian ore and low grade coal in our Australian test facilities in Melbourne over 1 year ago prior to proceeding to further detailed studies with our 2 Indian partners - The TEF)
• NOTE we have government approvals in place for the NMDC and NLC to at there own discretion to proceed with funding for COLDRY and MATMOR, past this hurdle last year.
• The below report is clearly about the means being put inlace for ECT to enter into a funding arrangement for construction of OUR technologies, aggrement to close before  end OCTOBER

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From the report

Guidelines for submission of research proposal for financial support fro  SDF (Extract below)

• Development of innovative/path breaking technologies for utilisation of Indian iron ore fines/ slimes (MATMOR) and non coking coal (COLDRY)
• To pursue R&D projects to address climate change issues in line with other countries (COLDRY independently OR add coldry to replace 'coking coal' to make MATMOR STEEL from waste ore fines/slimes).  
• Benefication/ up gradation of low grade iron ore (MATMOR) low grade coal etc (COLDRY)
• Development of low carbon technology (Coldry and Matmor)
• Development of innovative technology to recover waste heat in different iron and steel making processes (waste heat can be used to make COLDRY (low heat source to dry brown coal) which replaces coking coal in the matmor process.

Scope of support

• R&D  work in lab scale/ bench scale and scale up to PILOT scale/ DEMONSTRATION plants WILL BE supported
• Financial assistance up to 50% of total permissible

Eligibility

• Proposal can be submitted by a public entity or private entity

On the next section, we tick 2 of 3 boxes for R&D….only other listed option is induction furnace improvements

i) Development of innovative/ PATH BREAKING technologies for utilisation of iron ore fines and non coaling coal
ii) Benefication of raw material like iron ore, coal etc. and agglomeration.

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India is looking to the future as the next super power and developing country and is all about STEEL and is VERY interested in this low carbon MATMOR product, that uses local brown coal lignite which can be locally upgraded using COLDRY to replace imported coaling coal….R&D is looking heavily at this. NMDC listed heavily in the TEF report…..STEEL is why Australia and china saw our stock market and economy boom from 2005-2010 (approximate)

My intepretation from 8years on deck/ reading with ESI

http://164.100.47.134/lsscommittee/Coal & Steel/16_Coal_And_Steel_21.pdf

http://www.ectltd.com.au/matmor/matmor-overview/

http://www.ectltd.com.au/coldry/coldry-overview/