Ann: Suspension from Official Quotation, page-209

https://thewest.com.au/business/iro...-industry-over-steel-emissions-ng-b881127774z

"Rio Tinto opened a Pandora’s box last week when it warned its biggest earner, iron ore, could be hit in a lower carbon-emission world set to start next year when the Paris Agreement kicks in.....

Rio’s climate change report noted changes to carbon policies “could materially affect the value of Rio Tinto’s iron ore business”....

“Rio Tinto’s major climate change impact is through the emissions generated from the use of its iron ore in the steelmaking process.

“Given the market changes that can be foreseen as the world shifts to meet the goals of the Paris Agreement, industries like steelmaking face increasing structural challenges.

Rio’s reliance on this industry leaves it heavily exposed to transitional climate change risk. There is a considerable risk that the iron ore market is drastically reduced as regulatory, market and technological responses to climate change take effect.

Mr Jacques’ comments suggest the company is aware of this risk exposure."
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I realise we are presently more focussed on getting the deal done - but this article is interesting while we wait.

Big iron ore companies like Rio & NMDC are going to be increasingly forced to look at their emissions. Ok, Rio is not a steelmaker, but it's major product - iron ore is completely dependent on steelmaking.

Steelmaking emissions are going to be increasingly in the spotlight. Coldry-Matmor claims to reduce emissions by 40-50%. Coldry-Matmor claims to reduce the capital cost of building an iron making plant by 38-44%. They are massive differences to traditional iron making. The IRR (internal rate of return) figures in the 2016 TEF are the major selling point imo. Those compelling figures are formulated by Dastur - not ECT.

NMDC are moving into steelmaking. It's easy to see why they are interested in Coldry-Matmor imo.

tick tock...