MGT

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26.5¢ magnetite mines limited.

So if the new management have done their job correctly why...

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JRPC

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13/02/23

09:03

Post #: 66208718
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Originally posted by MGT4eva: ↑

Map of key low-CO2 emissions projects in the EU steel industry (eurofer.eu)

The above map shows examples of key low-CO2 projects that can help to achieve a substantial reduction of CO2 emissions in the EU steel industry. These projects (currently 60, but numbers grow by the month) will almost all start before 2030 and have the potential of reducing CO2 emissions by 81.5 million tons per year by 2030. This is equivalent to a cut of more than 1/3 of direct and indirect CO2 emissions of the European steel industry in just eight years from now, in line with the EU climate targets.

This corresponds also to an increase of 100% of today’s electricity consumption of the EU steel industry. Currently, the EU steel industry consumes annually about 75 TWh of electricity, which are partly purchased from the external grid and partly self-generated through gas power plants using process gases of the steel industry as well as through top-gas recovery turbines.The steel sector is at highest risk of carbon leakage and the most impacted by unilateral climate policy among energy intensive industries[1]. In this context, ensuring a level playing field with third country competitors is essential for the transition to climate neutrality of this sector; the success of the above low-CO2 steel projects and their envisaged emissions reduction require a supportive legislative framework that effectively addresses carbon leakage both during and after their implementation.EUROFER will regularly update the projects map, taking into account ongoing developments."

Click on the green projects. Most of them are going down the DRI/EAF route. Now thats a lot of high grade magnetite, hydrogren and renewable electricity! The good news is not only does MGT have DRI grade feed that these Europeans need, BUT we might also have DR grade blast furnace feed as a product as Tim in his latest announcement said thet we will "also target the production of premium-grade DR products increasingly in demand by the decarbonising iron & steel sector" Happy Monday all!

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So if the new management have done their job correctly why hasn’t there been institutional support in the market. Seems mainly retail, if anyone has broker data on Tue (t+2) please let all of us know.

MGT Price at posting: 83.0¢ Sentiment: Hold Disclosure: Held
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Last 26.5¢		Change -0.005(1.85%)		Mkt cap ! $26.08M

Open	High	Low	Value	Volume
27.0¢	27.5¢	26.5¢	$64.47K	241.3K

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No.	Vol.	Price($)
1	10000	27.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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So if the new management have done their job correctly why...

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

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So if the new management have done their job correctly why...

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News