August 22, 2008

Grange Resources to sign MoU with Metso for Malaysian pellet plant

Grange Resources is reported to be close to signing an agreement with engineering company Metso Minerals to supply the technology for its pellet processing plant in Malaysia.

Mr Neil Marston company secretary of Grange Resources said the agreement means Grange can access Metso's specialist processing technology to reduce the magnetite concentrate into powder. He said "Bringing them in to provide their technology across the whole of the project, they can actually give us a process guarantee for all aspects of the production, so we end up with a guarantee that the product we are producing will be to the very high specifications that we are aiming to achieve.”

Grange Resources plans to mine magnetite iron ore near Wellstead, in southern Western Australia, which will be shipped to Malaysia and made into pellets.