9,724.50 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
73.24 USD Fossil Oil Fossil Oil
29.75 USD Silver Silver
4.12 USD Copper Copper
100.31 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,628.71 TRY Gold (gr) Gold (gr)

Magnum Mining & Midmetal partner for green pig iron project in Saudi Arabia

Australian iron ore company Magnum Mining & Exploration is partnering with Saudi Arabian technology firm Midmetal to explore zero-carbon green pig iron production in Saudi Arabia.

Magnum Mining & Midmetal partner for green pig iron project in Saudi Arabia

In a groundbreaking development, Australian iron ore company Magnum Mining & Exploration has joined forces with Saudi Arabian technology company Midmetal to spearhead a pioneering venture into zero-carbon green pig iron production within the kingdom of Saudi Arabia. This exciting partnership has paved the way for substantial investment in the Magnum Hismelt facility, located in Saudi Arabia, with the primary objective of conducting a comprehensive feasibility study.

The ambitious project at the Magnum Hismelt facility aims to leverage the rich magnetite concentrate sourced from Magnum's Buena Vista project, combined with steel mill waste, to manufacture high-quality pig iron while incorporating cutting-edge biochar technology. This innovative approach to pig iron production is set to be a game-changer in the industry, as it strives to attain a coveted "net-zero" carbon emission certification, aligning perfectly with the global drive towards sustainable and environmentally responsible practices.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

India launches investigation into flat steel product imports

Monday, December 23, 2024

Italy's crude steel production decreased in November

Monday, December 23, 2024

Ukraine increased the export of scrap by 62.4%

Monday, December 23, 2024

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now