An enormous mineral resource body combines low cost iron ore concentrate (under $20/tonne) with a nearby full-service port-community in Eastern Canada. By adding value in the form of a high quality iron product - less weight/volume will be shipped of a more valuable product. Reducing shipping and handling costs support superior economics. GRI is focused on seeking a partner keen to participate in this powerful enhancement to the value chain for making steel.
- Dominant financial model underpinning an initial production of 500,000 tpa (expandable to 3 mtpa) of high grade pig iron/iron nuggets/molten iron (96-97% Fe; 2-4% C; S ‹ 0.05%; and P ‹ 0.04%)
- Low cost and high quality pig iron/iron nuggets due to:
- Low cost iron ore concentrate from the mineral sands
- Low cost hydro power
- Skilled and semi skilled workforce ready
- Community infrastructure (pop. 7,500) adjacent to project
- Low CapEx for mining and iron making technology
- Deposit is next to a port
- strategic shipping advantage to key markets
on Atlantic Basin (Eastern US & Europe) and Great Lakes
(Canada-US)
- 6 days to Great Lakes (2,000 nautical miles)
- 8 days to Hamburg (2,400 nautical miles)
- Iron-making technologies regarded as some of the most environmentally responsible while producing a premium product
- Strong partnerships with Innu First Nations and community
Grand River Ironsands is dedicated to presenting the technical and business elements with potential strategic partners seeking measurable and stable cost benefits in a competitive marketplace. Contact the companty to learn more about the work completed to date.
