Superflux pelletn 2017, cliffs completed a 75 million capital investment project at our united taconite operation to produce a newly-developed superflux iron ore pellet flux iron ore pellet has increased levels of mainly cao calcium oxide or limestone in comparison to a standard pellet.
As the largest iron ore producer in north america, cliffs is well-positioned to serve the regions steel producersith the unique advantage of being the low-cost producer of pellets in this market, the fluctuations of the commoditized price of seaborne iron ore have a limited impact on us.
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The project involves setting up of iron ore beneficiation plant1mtpa, iron ore pellet plant 1mtpa, dri plant 0mtpa and a billet casting unithe project also involves setting up of captive power geneation unit using whrb cfbc of 100 mwhe project cost is estimated at rs6645 million.
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