Baffinland Iron Mines and German steelmaker ROGESA are strengthening their cooperation by signing a memorandum of understanding (MoU) to further investigate the use of high-grade iron ore from Nunavut, Canada, in low carbon “green” steel production.
“We are delighted to continue our long-standing and mutually beneficial relationship with ROGESA. Cooperating with ROGESA in realizing environmentally compatible steel production has been a priority of Baffinland,” said CEO Brian Penney.
“The reduction of CO2 emissions is the key to global decarbonization in the steel industry. We believe reducing those emissions, across the entire supply chain, from mining, freight and logistics through to the processing and use of the raw materials, is possible with Nunavut high-grade iron ore as a key component.”
Starting immediately, the partners will research an optimal raw materials feed strategy for the direct reduction process; and a desktop study on optimizing the Scope 3 emissions in the whole supply chain for both companies.
Baffinland operates the Mary River high-grade iron ore mine located on Baffin Island, Nunavut, Canada – one of the most northern mines in the world.
Source: Baffinland Iron Mines