Pyrogenesis Canada Inc T.PYR

Rio Tinto(IOC) capital expenditures reference plasma torches

[Justwow]

@googlesvancouver https://ca.finance.yahoo.com/news/labrador-iron-ore-royalty-corporation-234800990.html To add on the Mar 7th post. I'm surprised this didn't get more attention, "Capital expenditures for IOC were $460 million in 2022. This was 8% lower than 2021, but substantially higher than 2020. Capital expenditures in 2022 were 24% lower than the $606 million that IOC had originally forecasted, mainly due to the decision by IOC to defer certain capital projects, including the redesign of the tailings system, the rebuild of induration machine #3 at the pellet plant, and the construction of a parallel outgo rail track to improve the dumping speed and operational efficiency at Sept-les" "The capital expenditures for 2023 at IOC are forecasted by IOC to be approximately $534 million. The 2023 forecast includes approximately $134 million of growth and development projects. " "Significant sustaining capital expenditure projects include the rebuild of induration machine #3 at the pellet plant" And funny enough the 534-460 is 74 Million.... coincidentally aligning with the 70 Million Plasma Project detail in the Rio Tinto' project manager LinkedIn profile
www.linkedin.com/in/stephane-levesque-8592a52a


cusam thanks for that link @googlesvancouver...don't know how I didn't see it before but this was interesting too "Significant sustaining capital expenditure projects include the rebuild of induration machine #3 at the pellet plant and the track replacement program on the QNS&L. ...IOC is looking at ways to electrify its sources of heat to reduce emissions. This includes the introduction of the new electric boiler referred to above and the commencement of the pilot project to test the use of four new plasma torches in the pellet plant."

Approximately 75% of IOC's current GHG emissions come from pelletizing. In the shorter term, IOC is looking at ways to electrify its sources of heat to reduce emissions. This includes the introduction of the new electric boiler referred to above and the commencement of the pilot project to test the use of four new plasma torches in the pellet plant.

After many delays and investments in electrification, IOC is now moving forward with testing the 4 new plasma torches in 2023

Long and Strong Pyrogenesis!

 

www.linkedin.com/in/stephane-levesque-8592a52agooglesvancouver https://ca.finance.yahoo.com/news/labrador-iron-ore-royalty-corporation-234800990.html To add on the Mar 7th post. I'm surprised this didn't get more attention, "Capital expenditures for IOC were $460 million in 2022. This was 8% lower than 2021, but substantially higher than 2020. Capital expenditures in 2022 were 24% lower than the $606 million that IOC had originally forecasted, mainly due to the decision by IOC to defer certain capital projects, including the redesign of the tailings system, the rebuild of induration machine #3 at the pellet plant, and the construction of a parallel outgo rail track to improve the dumping speed and operational efficiency at Sept-les" "The capital expenditures for 2023 at IOC are forecasted by IOC to be approximately $534 million. The 2023 forecast includes approximately $134 million of growth and development projects. " "Significant sustaining capital expenditure projects include the rebuild of induration machine #3 at the pellet plant" And funny enough the 534-460 is 74 Million.... coincidentally aligning with the 70 Million Plasma Project detail in the Rio Tinto' project manager LinkedIn profile www.linkedin.com/in/stephane-levesque-8592a52a

[BCONTVentures]

Also note employee Troy Mclean, Control Room Operator Trainer/Senior Process Advisor at North Star Associates NSAi and his work at Labrador City, NL: https://www.linkedin.com/in/troy-mclean-07a818111/?originalSubdomain=ca From LinkedIn (note the bottom item involving plasma torches): Commissioned remote operations of the Pellet Plant control room in 2020. Advising in Advanced Process

[BCONTVentures]

Also note: Taken from the outlook section of Rio Tinto news release: The capital expenditures for 2023 at IOC are forecasted by IOC to be approximately $534 million. The 2023 forecast includes approximately $134 million of growth and development projects. Significant development capital expenditure projects scheduled for 2023 include the redesign of Mill 11 Fine Circuit, the new outgo track at