Leaching toxic rare earth in a slum in India Bangladesh or AfricaWhere do batteries go when they die ?
They will be recycled and made into new batteries.Where do batteries go when they die ?
Yep, but only clean clear water is pumped into the ocean, all the rest of the matter is filtered out, compressed and then buried in land fill, where it continues to break down releasing methane and possibly powering more power plants via landfill gas generators.Melbourne's sewerage plant uses the methane generated to run large V18's to pump away the treated sewer to Bass Straight and as fuel to to generate electricity for their own use. I worked there in the 70's and were doing that then but were limited to 50% power generation as the supply authority wanted to sell some power to cover infrastructure costs. I would assume the 50% limit has now been removed.
Yes the treated sewerage water is "Drinkable" when it leaves the plant. Some new housing estates have the treated water supplied to all houses for use in toilets and the garden, charged half the regular water price for it.Yep, but only clean clear water is pumped into the ocean, all the rest of the matter is filtered out, compressed and then buried in land fill, where it continues to break down releasing methane and possibly powering more power plants via landfill gas generators.
In south east Queensland, when the water system gets below 50% storage the treated water passes through an additional treatment and then is put back into our two biggest dams and eventually makes its way back through the system.Yes the treated sewerage water is "Drinkable" when it leaves the plant. Some new housing estates have the treated water supplied to all houses for use in toilets and the garden, charged half the regular water price for it.
FMG is currently down over 6% after the announcement
Is this a great buying opportunity prior to the release of the results on Thursday?
Or will the update reveal bigger problems and the current drop today be just the start?
From the announcement:
"The detailed review underway for the Iron Bridge Magnetite project is continuing and an update is expected to be provided with the release of Fortescue’s half year financial results on 18 February 2021 "
Where are all our resident bottom pickers?
Not bad at all, profits is good ?Sounds bad. I'm taking some profits.
Who knows? There will be an excellent financial result from the previous 6 months. However it's clear something has gone seriously wrong at Iron Bridge, How much impact will it have overall ? My guess is that the development of the site is not going properly and there will be ramifications for the amount and quality of ore being shifted .
No, the Iron Bridge ore was not going to be used in blending, that is the eliwana mine.The issues seem to be about cost blowouts on the Iron Ridge development and, perhaps, significant operational problems.
The overarching issue is that the Iron Ridge mine was intended to produce high quality fines that when mixed with other lower quality ore would raise the fines standard sufficiently to command a premium price. If it doesn't come on line that objective is stalled.
It seems from the article below that magnetite mines are very tricky beasts to develop.
Fortescue COO, executives step down amid Iron Bridge review
Australia's Fortescue Metals Group Ltd said on Tuesday Chief Operating Officer Greg Lilleyman and two other executives have resigned as part of a review of its Iron Bridge Magnetite project in Western Australia.www.reuters.com
No, the Iron Bridge ore was not going to be used in blending, that is the eliwana mine.
The Iron Bridge mine produces low quality magnitite ore, which is crushed made into a slurry, then piped to a processing plant where it is processed and upgraded into a high quality concentrate, the concentrate is then compressed and heated to form high grade pellets.
this is a technical process that many companies have struggled with, but some have made profitable businesses on.
I will link a video later describing the process.
Yeah, as I said it’s the eliwana mines output that is going to be used to upgrade the lower quality ores from other mines, but the Iron Bridge ore is going to be a stand alone super high quality product sold at a large premium.Can't remember exactly where I read it but I believed that a significant element of ensuring continued Chinese purchase of Australian Iron Ore was providing a premium product. In that context my memory was that the high grade fines from Iron Bark could be used to improve the lower quality grades.
Having said that checking out articles on the net throws up some quite contradictory stories.Certainly not worth dying in ditch for.
ANALYSIS: The complicated growth of the 58% Fe iron ore market - Fastmarkets
The seaborne spot iron ore market has long considered 62% Fe material its benchmark product, after a shift away from annual price negotiations in 2008.www.metalbulletin.com
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