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Advanced Explorations Inc.
Advanced Explorations Inc. Focuses Plans on an Iron Nugget Plant
November 14th, 2008
Advanced Explorations Inc. (the "Company or AEI") is pleased to announce that it intends to strengthen its Roche Bay Project in Nunavut with the addition of an iron nugget plant. Following the lead of Steel Dynamics Inc. ("SDI") and others, AEI plans to utilize the MIDREX/Kobe Steel ITmk3(R) Process to produce "pig iron" nuggets which are higher in grade (~98% Fe) and sell at a price multiple to the traditional iron ore products. In pursuing the development of an iron nugget plant, the Company believes the higher value attributable to nuggets is supported with a number of additional benefits. By shipping a high grade iron product, fewer ships are...
Source: Health Business Week (2008-11-14)
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