Severstal, IMBS eyeing Canadian iron ore plant

Apr 06, 2011 | 06:21 PM | Brian Dunn

Tags  OAO Severstal, IMBS, Serge Levesque, Step-Illes, Quebec, iron ore, russia, south africa canada

MONTREAL — Russian steelmaker OAO Severstal and a South African partner, Iron Mineral Beneficiation Services Pty. Ltd. (IMBS), are conducting a feasibility study for the construction of a $1-billion iron ore processing plant in Sept-Iles, Quebec.

"Severstal is moving forward with the consideration of its proposed metallic iron briquettes greenfield project in Sept-Iles as the management of Severstal-affiliated company IIBG (International Iron Beneficiation Group Ltd.) approved the decision to proceed with a feasibility study," a Severstal spokeswoman told AMM. "The final decision will be based on results of the first commercial plant utilizing....

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