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.
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