RE:RE:RE:RE:No secret clients for Rio Tinto
BCONTVentures wrote: Great posts KaizerSoze, thanks for these. My Dad worked at the Alcan Aluminum Smelter in Kitimat in the late 1960s to the mid-1970s (back then it was Alcan, Rio Tinto bought out the Kitimat smelter years later). (My parents actually met at the Kitimat Hotel).
You bring up a great point that when large corporations (giants) like Rio Tinto commit to projects, they go full tilt. Like the saying goes "when a whale bites, it bites huge".
PyroGenesis has been working tirelessly on torches for iron ore pelletizing and with Clients A and B these are being further de-risked on a daily basis. FAT (Factory Acceptance Test) done and complete, torches have been shipped and are being installed/tested per the SAT (Site Acceptance Testing).
Also, a couple of things to keep in mind regarding PyroGenesis' plasma torches for iron ore pelletizing and the use of electricity is that VALE (Client A) owns a controlling interest in substantial hydroelectric power generation: https://www.vale.com/EN/business/energy/assets-and-equity/brazil/Pages/default.aspx The same also applies with Rio Tinto/IOC (Client B) and the Muskrat Falls hydroelectric dam. Kitimat is also powered solely by hydroelectricity. Winston123 on SH has some great and informative posts on torches and the iron ore pelletizing industry:
https://stockhouse.com/members/winston123/bullboard-post-history Long and Strong in PyroGenesis!
KaizerSoze wrote: Goodmorning all. Long time holder, first time poster. I am an employee with Rio Tinto, Kitimat plant. You have no idea how slow moving giants like RT are. They don't talk in months. layers upon layers of engineering, safety concerns, departmental budgets within overall budgets and approvals Make no mistake, when they commit to projects they go in full tilt.
@ BCONTVentures... nice to hear about your connection with Kitimat and your dad working at Uncle Al (Alcan) as we used to call it before the RT buyout. Many who are not familiar with the smelter here is that it's fed by free electricity fed by the powerhouse in Kemano which is down the Douglas channel. They also sell power to BC Hydro and a subsidiary company Frontex which sells or used to , in California. You do the math on what kind of power we're talking about and if a few torches are an issue. This plant is their flagship plant in their fleet of smelters because of the free power generated.
some of Uncle Ron's comments might sound whacky to some but he's not far off on some of these potential business decisions. Case in point is Drosite recovery system. Drosite is a major headache for RT as there's always a mountain of it and huge dollars to transport off site, not to mention the environmental aspect. RT is getting onboard with environmental issues. Yes things are tight lipped right now but there is something def going on behind the scenes. Personally I look at what Pyro is offering in solutions and not at the undervalued stock price to determine their value. When this explodes , Peter will look like a