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| Good Results Obtained From Sintering Test On Mary River Iron Ore |
| = Baffinland announces results of metallurgical test conducted by ThyssenKrupp Steel = |
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Canadian iron ore developer Baffinland Iron Mines Corporation announced April 20 the test results concerning its fine iron ore trial cargo shipped to ThyssenKrupp Steel in October 2008. The 27,702 tonne fine iron ore cargo was shipped as part of Baffinland's 113,217 tonne lump and fine iron ore trial cargo mined in 2008 as part of its bulk sample program at its wholly-owned Mary River Iron Ore project. The iron ore was consumed over an approximate two-week period by ThyssenKrupp in two sinter beds. Each sinter bed is 150,000 tonnes and is composed of various iron ores as part of ThyssenKrupp's standard sinter mix. To determine the performance of the Mary River iron ore as part of the sinter mix, all other variables are kept constant. Although the Mary River fine iron ore was just 9.6% of the total sinter feed, there was an impressive 4.5% increase in sinter productivity with excellent sinter quality. Baffinland is conducting exploration activities at its Mary River iron ore deposit on the Baffin Island in the Canadian portion of the Arctic Circle. On top of 3.0 million tonnes (Mt) agreed with ThyssenKrupp Steel, Baffinland has signed LOI's on the supply from the Mary River deposit of 1.2 Mt to voestalpine Rohstoffbeschaffungs GmbH and 1.0 Mt to Salzgitter, totaling 5.2 Mt. The Company is targeting initial production rate for 18 Mt per annum, of which 16 Mt will be marketed in Europe, with the remaining 2 Mt elsewhere. Contractual iron ore supply to Europe is scheduled to commence in 2014. |
| last modified : Thu 30 Apr, 2009 [10:50] |
