Magnum Mining and Exploration Limited (‘Magnum’ or ‘Company’) is pleased to announce that it has shipped samples of its Buena Vista iron ore to a consortium of international engineering firms specializing in HBI & Pig Iron manufacturing design.
Based on detailed metallurgical test results from iron ore samples provided, a Green HBI & Pig Iron manufacturing process will be specifically designed for the Project. The Manufacturing plant will be designed based on mature and industrially proven technologies. By utilizing locally available Biomass & exclusive Green Hydrogen supply from AVF Energy, Magnum is a first mover in producing ‘Environmentally Friendly’ Hot Briquetted Iron (HBI) and High Purity Iron (HPI) products for supply to the US domestic and international steel markets.
Magnum is also in advanced discussions with several international firms in Europe and North America to provide plant assembly services and operational assistance. Sample test results will facilitate the completion of the HBI & Pig Iron plant design prior to the end of May 2021. The company will provide further information after the preliminary process design of the HBI & Pig Iron plant is available.
Magnum’s Buena Vista mine is uniquely positioned to become a Green Steel producer for supply to the domestic US and International steel markets. The mine is in the state of Nevada with access to rail, water, and all necessary infrastructure, together with agreements for the supply of Green Hydrogen. The company has already fielded multiple calls from international steel mills and expects strong demand for HBI and HPI products to gain further momentum as the steel industry moves towards greener production techniques lowering emission by changing to Electric Arc Furnace steel production. Magnum has a first mover advantage to supply green steel in Nevada, USA and will continue to fast track the GREEN STEEL project development and production in an accelerated time frame.
Source Magnum Mining