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Industry
Bending Lake will be developed into a
commercially viable mining company
providing high quality, value-added iron
products to the iron & steel industry.
It all begins with
consistent, high-grade concentrate
production. Bending Lake will produce one
of the finest concentrates available in
North America. That is what will be used to
make our value added iron products.
BLIG iron products can be
used directly into blast furnaces or as
substitutes for steel scrap, hot briquetted
iron (HBI) or merchant pig iron in electric
arc furnace steelmaking and in iron
foundries. The Bending Lake Iron Group (BLIG)
has worked to position the company to make
the highest and best use of the ore body and
available technology to evaluate the
potential market in Canada and the US for
its’ iron products in the steelmaking and/or
iron foundries. We’ve worked diligently to
evaluate the economic potential of bringing
iron units into the market in various forms;
nuggets, iron ore concentrates or pellets.
After commissioning
reports, studying the market and conducting
strategic planning sessions with project
team experts and outside consultants, we
gained a greater understanding of available
iron processes and potential markets.
Through our planning processes it became
apparent that in order to position the
company to take advantage of the most
significant market potential we realized it
is best to stay with the tried and true.
Logistics, iron specifications and
qualification protocols lead experts to
recommend we approach our industry with
renewed awareness and appreciation.
Fundamental questions about sustainability
reveal new information about the overall
health of the iron and steel industry. In
order to operate in an economy where
industrial production is somewhat sluggish,
it is incumbent upon us to downside risks by
looking to position the company to take
advantage of the most versatile products and
customer base”.
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