RE:Biggest steel maker in world climate action plansHow about the world's second largest mining and metals company, then? Good enough for you?
Iron Ore Torch Client is Rio Tinto: A Top 7 Countdown
Number 7: They’re a world top five iron ore producer
PYR press releases and interviews have indicated the client company to be “a top five” iron ore company. Rio Tinto is generally listed as #1:
https://www.nsenergybusiness.com/features/top-five-iron-ore-producing-companies-world/
Number 6: they’re heavily investing in carbon reduction
“Rio Tinto today announced plans to invest around $1 billion over the next five years to support the delivery of its new climate change targets“.
https://www.riotinto.com/en/news/releases/2020/Rio-Tinto-to-invest-1-billion-to-help-meet-new-climate-change-targets
Number 5: they have a significant Canadian presence
Rio Tinto has operations in BC, Northwest Territories, Ontario, Quebec, and Labrador.
Most notably, they own The Iron Ore Company of Canada (also known as IOC), a very large iron ore pellet producer, in Labrador City, with a port and stockpile operation in Sept-Iles Quebec. This proximity to PYR in Montreal would certainly increase Rio's awareness of PYR.
Number 4: they are familiar with the power of plasma, in other business lines
RIO has been using plasma technology in their aluminum business for many years.
https://aluminiuminsider.com/rio-tinto-and-scepter-ink-decade-long-extension-of-sustainable-aluminium-partnership/
Number 3: RioTinto has a major research lab in Montreal
Rio operates centres of excellence across the world, one of which, “Rio Tinto Processing Centre of Excellence”, is in Montreal.
From the Montreal Gazette: “Montral is one of its three global hubs, supporting the Americas, Europe and Africa, and is home to Rio Tinto’s Processing Centre of Excellence.”
https://montrealgazette.com/sponsored/top-employers/rio-tinto-offers-opportunity-and-strong-values
Number 2: Rio has formally indicated investigating plasma torches
I found this Rio Tinto doc from April 2020. If you go to numbered page 28 (or overall page 39) you can read the mention of “R&D into... plasma torch”, in blue text on the bottom right of the graphic.
Here’s a screen grab: https://cdn-ceo-ca.s3.amazonaws.com/1g2pa9h-rio.PNG
Full document:
https://otp.investis.com/clients/uk/rio_tinto3/sec/sec-show.aspx?FilingId=14114421&Cik=0000863064&Type=PDF&hasPdf=1
Number 1: RIO is actively “trialing plasma torches”.
Here’s direct evidence that Rio has started a trial for plasma torches.
On page 29 of the document below: “...develop low-emission process heat technology including the trialling of plasma torches at our iron ore business in Canada”.
Screen grab: https://cdn-ceo-ca.s3.amazonaws.com/1g2pde8-1E89CF83-846B-4401-8A9A-9DFFB10F876D.jpeg
Most likely the actual trial is being conducted at Rio / Iron Ore of Canada’s pelletization plant in Labrador City, at the Carol Lake mine operations, among the top five producers of seaborne iron ore pellets in the world:
https://www.ironore.ca/en/who-we-are/about-ioc and https://labradorironore.com/operations/overview/
And another screen grab from same Rio Tinto doc that specifically says it’s trialling plasma in induration at the Processing Centre of Excellence:
https://cdn-ceo-ca.s3.amazonaws.com/1g2pee8-42096FE2-D39F-4C95-BB74-141A0EE5035E.jpeg
Here’s the full doc:
https://www.riotinto.com/-/media/Content/Documents/Invest/Reports/Climate-Change-reports/RT-climate-report-2020.pdf?rev=1eb25f61de9b44ce87923be8392b2772
So... since PYR has the patent for use of plasma torches in iron ore pelletization induration furnaces, Rio Tinto could only be using PYR torches.
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