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With getting iron ore from the mines belonging to Orissa Minerals Development Company remaining a distant dream, Rashtriya Ispat Nigam Limited (RINL) has moved forward to allot a site for establishing a pellet plant adjacent to Visakhapatnam Steel Plant (VSP) to meet part of its raw material requirement.
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Black Iron's Shymanivske project (the "Project" or "Shymanivske") is ranked in the lowest position of the business cost curve for pellet feed projects currently under development; and the Project's capital intensity ( construction capital divided by annual production) of only 95/ tonne, ranked second lowest out of the projects in CRU's extensive .
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The spot iron ore price soared to all new highs and triggered a global wave of new supply from producers such as Fortescue Metals Group, Ferrexpo, Kumba Iron Ore, Anglo American and Sino Iron. With the rise of the short term iron ore price market, iron ore derivative markets grew.
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Outotec awarded a large iron ore pelletizing plant and filter press order from India OUTOTEC OYJ PRESS RELEASE MARCH 14, 2018 at 11:00 AM Outotec has signed a contract with an Indian customer for the delivery of an iron ore pelletizing plant and filters for the expansion of their existing operations.
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