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The $34 extra would be to the benefit of the pellet producer buying our concentrate and converting it.
Indeed @EV. I've been tending towards thinking we will get the concentrate premium.
Could be wrong but I was assuming we would get the concentrate premium on top of the seaborne fines price from our benefication process.
http://www.custeel.com/en/csi.jsp
"Seaborne index 65% Fe concentrates premium" of an additional $19/t is that your understanding too?
There is a $53/t premium for the pellets so $53 - $19 a $34 extra for the conversion process.
Morning @Obs,
I may have not been clear in my wording yes, the 'pellet feed' would need pelletizing rather than sintering. The point I was trying to make is this is a more preferred feedstock in comparison to sinter feed and attracts a premium.
"Pelletizing is a process where iron ore concentrate is mixed with additives and binder and rolled together into balls. The finished iron ore products are known as pellets."
https://abmproceedings.com.br/ptbr/article/download-pdf/comparison-of-sinter-and-pellet-usage-in-an-integrated-steel-plant
"The higher Fe content of pellets increases blast furnace productivity as more iron
units are charged to the blast furnace per unit ton of burden material. Shipping costs
are reduced as more iron units and less undesirable gangue are shipped to the final
blast furnace user."
@EV: "As I understand it the 65% Pellet Feed product from Amapa can be used as direct feed to the blast furnace without sintering."
I'm happy to be corrected, but my understanding is that the 65% product that we intend to produce will be suitable to produce pellets. i.e. it is the "feed" (iron ore) which goes to produce the pellets which are then used in the blast furnaces. The pellets attract a premium to the 65% price. Currently $53 according to Custeel.
"MMX signs 20-year supply deal to GIIC pelletizer [UPDATE]" (September 20, 2006)
Here is some research to back up this view: https://www.metalbulletin.com/Article/1804128/MMX-signs-20-year-supply-deal-to-GIIC-pelletizer-[UPDATE].html
===[
Brazilian iron ore miner MMX has signed a 20-year contract to supply Bahrain's pelletizer Gulf Industrial Investment Company (GIIC), an MMX official confirmed
The pellet feed will be supplied from MMX’s Amapa deposit in the far north of Brazil, which is expected to start production in Q4 2007 with its nearby port facilities to open by Q1 2008.
]===
...LoL ... clearly it did work after all :-))
....apols didn't work but you can check here:
https://www2.asx.com.au/markets/company/mio
Macarthur could ‘smash the carbon ball out of the park’ with renewable energy penetration at Lake Giles
.........
As could Dev in Amapa, as the higher grade ore's are much lower emissions and we should be able to get hydro power to the site:
"DEV has appointed IDG Engenharia E Consultoria LTDA ('IDG') to carry out the engineering and conditioning study on the beneficiation and processing plant at the Amapa mine. IDG is a Brazilian ISO approved engineering and consulting company with a broad range of experience in the sector, having worked for Vale, Arcelor Mittal, Kinross, London Mining and Anglo American. They also have specific expertise at the Amapa mine, having consulted on the project previously."
"In addition to the engineering and conditioning study, IDG will review the power supply options for the mine and plant, particularly the possibility of connecting to the grid network, enabling the mine and the plant to be predominantly powered by lower-cost renewable energy."
As I understand it the 65% Pellet Feed product from Amapa can be used as direct feed to the blast furnace without sintering.
"Concentrates that are very finely sized are known as ‘pellet feed’ - as the name suggests, they are suitable for pelletizing. This process creates a higher-quality and more valuable direct-charge product than either lump or sinter."
https://www.fastmarkets.com/Media/Files/PRA/FMV2/pdfs/Promotional%20materials/Understanding_the_high-grade_iron_ore_market_Fastmarkets.pdf Page 4
"China's production curbs and emission cuts favor demand for direct feeds over fines. Higher steel margins bolstered by the production curbs could encourage mills to use more high-grade materials, including direct feeds, in Q2. Direct feeds also produce less emissions, which is a focus of China's current 14th Five-Year Plan."
....followed by & ~ 7% down...
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02423357-6A1051017?access_token=83ff96335c2d45a094df02a206a39ff4
Some good news from mms but I can’t copy it