Outotec to provide technology service for Jogjakarta iron project
Thursday, January 20 2011 - 02:33 AM WIB
Outotec will complete a series of smelting trials using Direct Reduced Iron (DRI) produced from Jogjakarta iron concentrate to quantify the potential of producing I million tonnes of pig iron a year based on the Outotec Circosmelt process, the company said in a statement.
The test work will be conducted at the Outotec Ausmelt pilot smelting furnace in Dandenong, Victoria. The results will enable the preparation of a Conceptual plant design and capital estimates.
Outotec is a leading global provider of process solutions, technologies and services for the mining and metallurgical industries, providing innovative and environmentally sound solutions and life cycle services.
lndo Mines is currently assessing the potential to produce 2 million tonnes of iron concentrate per year from the Iron Project. Production of commercial trial volumes of iron concentrate will begin this year ahead of the targeted commencement of full-scale operations in June 2012.
Beyond this there is further potential for the production of 1 million tonnes of pig iron per year.
A Bankable Feasibility Study (BFS) for iron concentrate production from the iron project will be completed in mid-2011. A separate BFS for the production of pig iron is expected to be completed in mid-2012.
Indo Mines Managing Director and Chief Executive Officer, Martin Hacon, said: ?The full-scale production of iron concentrate from the Iron Project in 2012 will generate significant margins and free cash flow, however we continue to believe that substantial additional value can be created through a complimentary pig iron product. We are delighted to be working with such a high calibre company as Outotec and continue to push aggressively towards the completion of both Bankable Feasibility Studies.? (denny)