You are here: Home > Steel News > Latest Steel News > Sweden’s...

Sweden’s GRANGEX aims to become leading supplier of DR magnetite concentrate to global steel sector

Friday, 08 November 2024 13:30:50 (GMT+3)   |   Istanbul
       

Sweden-based miner GRANGEX AB has announced that it has begun the preliminary feasibility study (PFS) for its Sydvaranger iron ore mine in Kirkenes, Norway.

Accordingly, UK-based consultancy company SLR Consulting will manage the study and a technical steering committee - including Anglo American with which GRANGEX has signed an offtake agreement - will oversee the process. The PFS is expected to be completed in January next year, with a definitive feasibility forecast to be finished by mid-2025.

GRANGEX aims to restart the production of ultra-high-grade direct reduction (DR) magnetite concentrate at Sydvaranger and to become a leading supplier to the European and global steel sectors.


Similar articles

Major steel and raw material futures prices in China – November 21, 2024 

21 Nov | Longs and Billet

Brazilian high-grade iron ore price increases from last week

20 Nov | Scrap & Raw Materials

India’s KFIL installs third oxygen plant at its Koppal mill

20 Nov | Steel News

Tata Steel ferroalloys division first in India to publish environmental protection declaration

20 Nov | Steel News

Daily iron ore prices CFR China - November 20, 2024

20 Nov | Scrap & Raw Materials

Major steel and raw material futures prices in China – November 20, 2024 

20 Nov | Longs and Billet

China’s iron ore output up 2.8 percent in January-October

20 Nov | Steel News

Daily iron ore prices CFR China - November 19, 2024

19 Nov | Scrap & Raw Materials

India’s KIOCL seeks overseas suppliers for iron ore concentrate-hematite for its pellet plant

19 Nov | Steel News

Brazil’s Vale to invest in iron ore project of Australia’s Cyclone Metals

19 Nov | Steel News