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Pumping Iron at the Cliffs

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This report contains an evaluation of the Circored Iron Reduction Plant in Trinidad. An analysis of the current processes and costs are weighed against the reality of unexpected downturn in market prices for DRI. A final proposal and recommendation for the future of the plant will be outlined.
This report contains an evaluation of the Circored Iron Reduction Plant in Trinidad. An analysis of the current processes and costs are weighed against the reality of unexpected downturn in market prices for DRI. A final proposal and recommendation for the future of the plant will be outlined.
The Circored Iron Ore reduction plant in trinidad
The Circored Iron Ore reduction plant in trinidad
Pumping iron at Cliffs & associates
Pumping iron at Cliffs & associates

Pumping iron at Cliffs & associates
The Circored Iron Ore reduction plant in trinidad Three Year reality
If the plant were to stay operational in its current capacity for the next three years, even with a likely rise in market price for DRI, the plant in Trinidad would still run tens of millions in the red (see exhibit 4).

Three Year reality
If the plant were to stay operational in its current capacity for the next three years, even with a likely rise in market price for DRI, the plant in Trinidad would still run tens of millions in the red (see exhibit 4).

We recommend to the Board that it move forward with the $2M investment in our Trinidad HBI plant. Reflecting on the success that the CAL team has had over the past two years spending time solving numerous technical problems, several of which defied some of the world’s leading metallurgists theories, the Trinidad HBI plant has clearly assessed the possibilities, probabilities, risks, and most importantly, the profits that the $2M investment could potentially have on the establishment, despite the decline in market prices.
At its

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