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2.9¢ gindalbie metals ltd

Karara 68 % plus grade, page-47

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maradyne

189 Posts.

11

08/11/17

22:44

Post #: 28623672
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Originally posted by maradyne ↑

WA mining veteran and former Rio Tinto executive Mal Randall believes WA’s iron ore sector could be set for a shake-out because of China’s growing demand for high-quality ore and diminishing grades across the State’s remaining deposits.
China’s recent crackdown on pollution has forced inefficient steel mills to close and remaining mills to use higher-grade ore to cut their emissions and boost efficiency and output to compensate.
This, in turn, has seen discounts for lower-grade ore blow out from 10-15 per cent to 25-30 per cent and even 40 per cent. Meanwhile, higher-grade ore is commanding a significant premium. Generally, the lower the grade of ore, the higher the level of impurities such as phosphorus, silica, sulphur and alumina, which requires more energy for blast furnaces to “slag-off”, generating more unwanted emissions.
Mr Randall said the game had changed significantly in the iron ore game and that “grade is king”.

EVIDENCE SUPPORTING THIS IS EVERYWHERE AND ALL MAKES SENSE !!!

CHINA MUST REDUCE EMISSIONS !!!!!!!!!!!!!!!!

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"GRADE IS KING " = KARARA ?????

LONG TERM WINNER

GBG Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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