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The Market

Iron ore is one of the world’s most important minerals.  Almost all is used to make steel.

Over the past few years, China has driven the market as both consumer and producer of iron and steel.  The industrialization and urbanization in China and India will continue to drive iron ore and steel markets as they strive to service the needs of their populations.

The Bending Lake Advantage:

  • Incorporation of leading edge, best of breed production processes,
  • Ample local workforce,
  • Proximity to market: the largest consumers of MPI reside in the Great Lakes Basin,
  • Year round production,
  • Accessibility:  year round transportation by rail and water,
  • Energy:  ample natural gas and hydroelectric energy,
  • Environmental and ecologically sensitive planning,
  • Longevity: 35+ year life of mine, and
  • Broad based community and political support.
 
       
 


 
 

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