magnetite, page-5

ARH would placed very well because it wont have 400 klm train line to maintain or major train set to burn fuel. The steel mills will pay a premium for the magnetite as it takes less energy to process and is more enviromently friendly. Former Hamersley (Rio Tinto) executive and now executive chairman of Cape Lambert Iron Ore, Ian Burston said natural-gas fired pelletisation of iron in Australia made more sense in an era when steel producers wanted to reduce their energy requirements for cost and environmental reasons.

“What we are doing is taking the energy cost of removing alumina from hematite from the steel producers and giving them a high iron content product which requires them to use less energy to process into steel. For them it is highly attractive,