from the IOH thread, posted by JB... IMO if IOH gets off and running before UMC then this no doubt tell us we have problem Huston.
http://csiro.au/science/AlternativeOres.html#4
"High phosphorus ores
Another serious problem is the phosphorus content of Australian iron ores.
'There are huge deposits of high-phosphorus Brockman ore in Western Australia that are close to existing infrastructure; however the high phosphorus levels make them more difficult to sell except in boom times,' says Dr Holmes.
Physical separation processes can remove some of the phosphorus, but substantial iron is lost in the process.
Alternative approaches, such as heat treatment and leaching, are currently considered uneconomic, with the best option being to remove the phosphorus at the hot metal stage.
This pushes the cost of removal onto the customer, although iron ore prices can be adjusted to take account of the additional process step."
UMC Price at posting:
89.0¢ Sentiment: Hold Disclosure: Held
