RE: This is a good read...8 Dec 2021 15:06
good bits:
"We have been pushing the issue of permit processes for a long time, both ourselves and in cooperation with our trade association Svemin. It is not a question of demanding lower environmental requirements or exemptions, we are prepared to take our responsibility for as low an environmental impact as possible. Instead, it is about getting predictability in the processes so that we have better conditions to plan for, for example, the start of a new mine," says Jan Moström.
In order to complement iron ore production and better fend off the fluctuations in the iron ore market, LKAB needs to get a greater breadth in its business.
"We are already well on our way with LKAB Minerals' expansion and through the collaboration with Ragn-Sells, which can open new markets. We also cannot exclude future acquisitions," says Jan Moström, LKAB's President and CEO.
Magnetite gives environmental advantage
LKAB's iron ore consists largely of magnetite and already gives a large environmental advantage over its competitors. Steel made from 100 percent LKAB pellets results in 14 percent less CO2 emissions, compared to steel produced at an average sinter-based European steel mill. One of the reasons is that it takes less energy to make pellets from magnetite than from hematite.
The pellet process today requires a lot of energy, while large amounts of heat are created when the magnetite oxidizes into hematite. One goal is to get by with the magnetite heat.
"We have a vision to reduce the total fuel consumption in the pellet plant as far as possible and in the long run become not only fossil-free, but also completely CO2-free. We are now working at the investigation level with biofuel, with electric heating and injecting oxygen during the heating," says Magnus Tottie.
Beowulf is magnetite!
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