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Bending
Lake Iron Group will continually endeavour to keep our investors,
stakeholders and the general public informed as to our progress and
activities of interest.
Through our website, monthly announcements, newsletters,
speaking engagements, open houses and a calendar of coming events, we will
share our vision of developing an iron processing facility and the Bending
Lake magnetite iron ore deposit using responsible economic and environmental
principals.
It is important that we communicate to all our intention to
make the highest and best use of existing local infrastructure and provide
long-term benefits to the residents and communities of Northwestern
Ontario. By 2012, we intend to begin producing Merchant Pig Iron (MPI).
The project is expected to have Annual Net Revenues of $243 million for
38-46 years. More than 600 jobs will be created in the construction phase
and 300 will be maintained at the mine site and iron processing facilities.
We want to spread the word that the resources, technology and
infrastructure are available here in Northwestern Ontario to enable Bending
Lake to become a reliable, low-cost, high quality producer of MPI.
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