Ferrobamba and Tenova sign a cooperation agreement for the Aymaraes (Peru) iron ore development project
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
Ferrobamba has signed a cooperation agreement with Tenova to develop its iron ore mine in the Aymaraes region of Peru. The company has chosen Tenova HYL Micro Module technology in order to oversee the technological design and provide the equipment to develop and build a 500,000 t/y pelletization plant and a 250,000 t/y DRI high carbon DRI plant.
‘‘The Tenova HYL Micro Module will allow our company to add significant value to our iron ore deposit in Aymaraes, producing high carbon DRI with the proven ZR (zero reformer) technology used since 2010 in the Emirate steel. The Micro Module uses the same ZR technology applied in Nucor’s Louisiana plant, but is one 10th of the size and allows junior mining companies like ours to enter the DRI production market with a limited capital investment” stated Alfonso Navarro, CEO of Ferrobamba. “Our company will be in a position to produce a premium quality DRI that is not currently available in the region”. In fact, Ferrobamba’s Aymares Project is potentially one of the highest quality, lowest cost iron ore projects in the Americas with a significant resource upside potential of 3’400 Mt of iron ore.
Iron ores will be first crushed and pelletized and then processed to direct reduction grade pellets. These pellets are fed into a Tenova HYL ZR Micro Module DRI plant where they are reduced to metallic iron. The DRI produced is the highest quality available with high carbon content (around 4%) and can easily substitute pig iron or high quality scrap for use in the electric steel making operation, to produce high grade steel.
“The Micro Module DR Plant is a proven technology that allow for High Carbon DRI production with a simple and compact design providing several benefits, such as low maintenance costs, minimum manpower requirements, more affordable CAPEX, and low OPEX. Moreover, the Micro Module, as any other ENERGIRON DR Plant, complies with the strictest environmental regulations. It has been permitted twice already in the U.S.A., as well in other regions of the World” confirmed Angelo Manenti, VP of North America Business development for Tenova.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation