• GFG Alliance’s SIMEC Mining has commenced its magnetite expansion project

• This project is a significant step in LIBERTY’s GREENSTEEL transformation of its integrated mining and steelworks in Whyalla and GFG’s CN30 mission

LIBERTY has taken a significant step in its GREENSTEEL transformation journey in Whyalla with the start of its magnetite high-quality iron ore expansion.

GFG’s mining arm, SIMEC Mining, is completing construction of the first of a two-phase de-bottlenecking process which will increase magnetite concentrate production to 2.5 Mtpa.

This work marks an important step in GFG’s journey to develop South Australia’s vast magnetite resource to support its CN30 ambitions.

Processed magnetite concentrate is a high-quality energy efficient iron ore product which is needed to feed the Direct Reduced Iron (DRI) process. DRI enables the use of hydrogen as an alternate reductant to fossil fuels, and when fed by renewable energy it makes GREENSTEEL.

This magnetite expansion work offers GFG the chance to increase exports to its steelworks in Europe and to strengthen its position as a consistent supplier of premium quality magnetite to support low carbon intensive steelmaking.

Executive Chairman Sanjeev Gupta commenting on the project:

“Our purpose is to create a sustainable future for industry and society and that starts right here with magnetite – a critical enabler of our global GREENSTEEL strategy. Thankfully it’s an iron ore we have in abundance right here in Whyalla.”

“Combined with renewables, particularly solar from our Cultana Solar Farm, our port, a skilled workforce, and supportive community and government, we are in a unique and enviable position to create a world leading GREENSTEEL hub and help fulfil our CN30 mission. That’s exciting!”