Maritime Iron is developing a merchant pig iron processing facility using proven leading-edge technologies to minimize its environmental footprint. The facility will bring proven FINEX iron-making technology developed by POSCO, currently used in Korea, to the North American market.

Maritime Iron’s processing facility will produce ~ 1.5 - 2 million tonnes of pig iron annually for sale to end-users in the steel and foundry industries. The project will create a significant number of jobs during its start-up phase and during operations.

The project will also generate process gasses to be recycled by a neighbouring generating station for electricity production. This iron ore processing facility will have a sustainable profile based on:

• Strategic location (between iron feed sources and markets);

• Environmentally competitive leading-edge technology;

• Existing infrastructure; and

• Skilled local labour.

Maritime Iron strongly believes in addressing environmental concerns, contributing to social benefit and providing solid returns to its stakeholders. Maritime Iron is led by a strong team of experienced professionals with considerable experience in executing the development of large scale projects.