LONDON International Iron
Beneficiation Group Ltd. (IIBG), a subsidiary of Russian
steelmaker OAO Severstal, has launched feasibility studies for
iron ore pelletizing plants in North America, the steelmaker
said March 19.
IIBG, which is 51-percent owned
by Severstal, is considering locations in Nova Scotia, Quebec,
Kentucky, Minnesota and Indiana, it said.
The plant would produce
direct-reduced iron (DRI) through a process developed by Iron
Mineral Beneficiation Services Pty Ltd., Severstals South
African partner, which converts superfine iron ore to
high-quality iron units.
Moscow-based IIBG said that it
would decide which locations to develop depending on the
results of the study and the successful launch of the first
commercial plant using the new technology in Phalaborwa, South
"The company is conducting the
necessary due diligence to determine the feasibility and
priority of potential sites," IIBG chief executive officer
Dmitry Solomin said. "No final commitments can be made at this
very early stage of the business development process."
The size of Severstals
investment in the project and the number of plants it would
consider developing would depend on the results of the
prefeasibility study, it said.
The Russian steelmaker launched
a feasibility study for the construction of a $1-billion iron
ore processing plant in Sept-Iles, Quebec, in 2011 (
amm.com, April 6).
A version of this article
was first published by AMM sister publication Steel