financetom
Business
financetom
/
Business
/
Sree Metaliks delivers sustainable iron ore beneficiation to meet global demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sree Metaliks delivers sustainable iron ore beneficiation to meet global demand
Jul 31, 2023 2:34 AM

Sree Metaliks has implemented physical beneficiation techniques to revolutionize mining operations. This move has not only boosted efficiency but also prioritized sustainability, Sree Metaliks said in a statement.

Share Market Live

NSE

"We have taken significant steps to address the challenges posed by common contaminants such as alumina and silica, along with mineral phases like kaolinite, gibbsite, and quartzite. By focusing on the prevalent iron phases of hematite and goethite, the company aims to maximize profitability while reducing environmental impact," it said.

The company has implemented a highly efficient wet process to tackle the natural fines and kaolinite present in the ore. The process starts with scrubbing to remove slime (particles below 100 m), followed by washing and sorting the ore into different-size fractions using a drum scrubber and a vibrating screen.

It has yielded good results, with the Fe contents of the hematite iron ore fines increasing from 55-57 percent to 61-62 percent. This high-quality concentrate is now suitable for iron ore pellets production, benefiting steel manufacturing processes like blast furnaces, DRI, sinter, and pellet production.

Furthermore, their efforts have led to water conservation measures, that have resulted in lower water loss, contributing to sustainable water consumption and conservation.

This new process has led to the elimination of hazardous materials, ensuring worker safety, and minimizing the impact on surrounding ecosystems.

Apart from the increase in productivity and energy efficiency in iron-making plants due to the enhanced iron concentration, Sree Metaliks' approach also enables the efficient utilization of lean-grade iron ore fines that would otherwise be discarded. By repurposing the tailings, which contain approximately 38-40 percent Fe, the company creates value-added products and explores further processes like reduction roasting to recover additional iron values, the firm said.

Kaustubh Agarwal, Director of Sree Metaliks Ltd, said, "The new beneficiation process complements our existing techniques and enables us to increase the iron content of lean-grade ores even further. We can extract even more valuable materials and reduce waste by leveraging this method, leading to a more sustainable mining approach."

First Published:Jul 31, 2023 11:34 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Chinese e-commerce giants make expensive bets on fast deliveries
Chinese e-commerce giants make expensive bets on fast deliveries
May 26, 2025
SHANGHAI (Reuters) -Chinese e-commerce giants Alibaba ( BABA ) and JD.com ( JD ) have opened a new front in the ongoing battle for market share, with both expanding aggressively into so-called instant retail centred around delivery speeds of 30 to 60 minutes this year. Investors will be dissecting the strategy when JD.com ( JD ) reports its quarterly earnings...
G Mining Ventures to restate 2024 financial statements
G Mining Ventures to restate 2024 financial statements
May 26, 2025
May 12 (Reuters) - Canada-based mining company G Mining Ventures ( GMINF ) said on Monday it will restate its consolidated financial statements for 2024 to reflect certain accounting adjustments that were identified during a financial review for the first quarter. The non-cash accounting adjustments worth about $32 million in total will have no impact on its cash position, liquidity,...
US Medicare lays out timeline for third round of drug price negotiations
US Medicare lays out timeline for third round of drug price negotiations
May 26, 2025
May 12 (Reuters) - The U.S. Centers for Medicare and Medicaid Services (CMS) said on Monday that it would announce a list of 15 drugs eligible for a third round of Medicare price negotiations by early February next year. For the first time, the list would include drugs payable under Medicare Part B - which covers medicines administered in a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved