EastCoal (TSE:CTH) has released an update.
CoTec Holdings Corp. has announced a substantial progression for their investee, MagIron LLC, which has secured long-term mineral leases to restart its Plant 4 iron concentrator, with material enough for over two decades of operation. The initiative aims to produce 2.5 million tonnes annually of Direct Reduction grade iron concentrate, key for the steel industry’s decarbonization efforts. CoTec, an ESG-focused innovator in metal and mineral processing technologies, is poised to transition into a mid-tier mineral resource producer.
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