TSX:SRU.UN - Post by User
Post by
whittdav21on Mar 12, 2002 8:36pm
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Post# 4874567
Vic, I really believe you’re wrong.
Vic, I really believe you’re wrong.In your post entitled “RE: Re: Recovery (Deeg88)”, when referring to the the mineral content at Ferguson Lake you state “and also 7-15% is magnatite, iron that no smelter in the world wants.”
I work for an iron ore mine where about 30% of our feed stock is magnatite. We’ve been in operation for over 30 years and use this magnatite in pelletizing. We produce 10 to 12 million tons of pellets each year and much more concentrate. We produce 7 or 8 different types of pellets, sold directly to blast furnaces plus different DR pellets for the electric arc furnace. We are owned by Rio Tinto. At one time we were the largest iron ore mine in the world.