Green light for Greensteel - Australian Mining"GFG Alliance’s...

Green light for Greensteel - Australian Mining



"GFG Alliance’s mining arm, SIMEC Mining, has produced its first high quality decarbonised Greensteel steel pellets in Whyalla, South Australia. The pellets were produced from the company’s Duchess South drill core in the Southern Middleback Ranges using innovative technologies proposed for SIMEC’s magnetite expansion operations.

SIMEC’s magnetite expansion plan continues with a feasibility study underway for Stage 2, which is evaluating a new 5 million tonnes per annum magnetite concentrate supply chain to supplement the existing Stage 1, 2.5mtpa facility. The life of the mine is estimated to be in excess of 20 years, with the mine producing 7.5mtpa of magnetite concentrate, and generating annualised revenue of more than $800 million over that time.

“The high quality of our ore makes it a critical resource to enable Greensteel manufacturing and this successful pellet production is a significant milestone toward realising our plans,” he said.”

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This is great news as they are our neighbours + support from local government. If its possible for them, it will be possible for MGT.