Metals & Minerals – Forever Minerals

Forever Minerals is one of the world’s largest metals and mineral traders. We are building global connectivity between miners, smelters, and refined metal fabricators: benefitting from economies of scale. We underwrite trading volumes by signing off-take agreements and developing downstream outlets. We form strategic alliances. We invest in infrastructure that streamlines and simplifies supply chains.

Product

Forever Minerals (as manager of the relevant joint ventures) intends to establish an independent and reliable supply of consistent quality iron ore products. A constantly quality & quantity control from the mining, deposits and shipping will minimize any variability in our product.

Business and Commodities

Import Business: The main commodities of importation include iron ore, manganese ore, copper and machinery.
Export Business: The main commodities of exportation include iron ore, manganese ore, copper and machinery.
Domestic Trading: The main commodities of domestic trading include ore, manganese ore, copper.
Integrated Raw Materials Supply: Focus on steel producers home and abroad to supply Iron ore, manganese, copper and other metallurgical raw materials in an integrated pattern.

Iron Ore

Magnetite

Forever Mining’s Sino Iron project will produce both magnetite concentrate. The chemical name for magnetite is ferrous-ferric oxide and its chemical formula is Fe3O4. The concentrate from the Sino Iron project is a superior product for steel making because it will have higher ironcontent (approximately 64 percent) with lower impurities than traditional products. The magnetite product will contain virtually no undesirable phosphorous or alumina. In addition, less energy is required to process Sino Iron magnetite concentrate into steel, meaning it has an overall net global benefit in terms of carbon pollution reduction.

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Hematita

Hematite is also known as “natural ore”, a name which refers to the early years of mining, when certain hematite ores containing up to 66% iron could be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel. Hematite ores are harder than magnetite ores and therefore requires considerably more energy to crush and grind if beneficiation is required. Export grade Hematite ores are Grade Fe 45% to 63.5%.

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Fines

Saleable iron mineral that should be generally massed by sintering process to be later processed directly in high ovens.
Use: Product used in sintering process to produce nodules (sinter) used as direct load to high oven, for arrabio production.
Law: 64% iron
Dimensions: 10 to 44 microns (1.000 microns = 1 millimeter)

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Lumps

Saleable iron mineral. This is the iron mines traditional product, generally subjected to a benefit process to increase its purity.
Use: Direct load for arrabio production.
Law: 63% iron
Dimensions: 10 to 30 mm.

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Manganese

Our clients can avail from us Manganese Ores, which are silvery-gray metal resembling iron.
Hard and very brittle, our procured range is difficult to fuse, but easy to oxidize. Paramagnetic is the manganese metal and common ions of manganese.
The range offered by us is essential to iron and steel production by virtue of its sulfur-fixing,
deoxidizing and alloying properties. Our range is used for steel making and is 85% to 90% in demand of the total demand. Along with this, manganese is a key component of low-cost stainless steel formulations. Further, a small amount of manganese can improve the workability of steel at high temperatures, because it forms a high melting sulfide, and therefore prevents the formation of a liquid iron sulfide at the grain boundaries. If the manganese content reaches 4% the embrittlement, the steel becomes a dominant feature. Then, the embrittlement decreases at higher manganese concentrations and reaches an acceptable level at 8%. Steel containing 8 to 15% of manganese is cold hardening and can obtain a high tensile strength of up to 863 MPa. Mn 25% – 45%Fe 10%.

Copper

Copper concentrate is the most basic form of copper product sold in the global market. Copper concentrate produced at the mines in North and South America generally contain 20 percent to 34 percent copper and is the resulting product after mine ore which contains less than 1percent copper, has been crushed, milled and concentrated where copper concentrate from Chile contain 20 percent to 40 percent copper.
Copper concentrates are sold to smelters and refiners who treat the ores as a base feed and refine the copper and charge for this service via treatment charges and refining charges. Forever supplies copper concentrate which contains 20 percent to 40 percent copper from different regions. Most of the concentrate produced is sold primarily under long-term sales agreements mostly to medium and big scale smelters. Copper concentrate especially produced in Chile, is well known in the industry for its excellent quality.