Bending Lake will
be developed into a commercially viable mining company
providing high quality, value-added iron products to the
iron & steel industry.
all begins with consistent, high-grade concentrate production.
Bending Lake will produce one of the finest concentrates
available in North America. That is what will be used
to make our value added iron products.
BLIG iron products can be
used directly into blast furnaces or as
substitutes for steel scrap, hot briquetted
iron (HBI) or merchant pig iron in electric
arc furnace steelmaking and in iron
foundries. The Bending Lake Iron Group (BLIG)
has worked to position the company to make
the highest and best use of the ore body and
available technology to evaluate the
potential market in Canada and the US for
its’ iron products in the steelmaking and/or
iron foundries. We’ve worked diligently to
evaluate the economic potential of bringing
iron units into the market in various forms;
nuggets, iron ore concentrates or pellets.
reports, studying the market and conducting
strategic planning sessions with project
team experts and outside consultants, we
gained a greater understanding of available
iron processes and potential markets.
Through our planning processes it became
apparent that in order to position the
company to take advantage of the most
significant market potential we realized it
is best to stay with the tried and true.
Logistics, iron specifications and qualification
protocols lead experts to recommend we approach our industry
with renewed awareness and appreciation. Fundamental
questions about sustainability reveal new information about
the overall health of the iron and steel industry.
In order to operate in an economy where industrial production
is somewhat sluggish, it is incumbent upon us to downside
risks by looking to position the company to take advantage
of the most versatile products and customer base”.
Bending Lake Advantage:
Incorporation of leading edge, best of
breed production processes,
Ample local workforce,
Proximity to market: the largest consumers
of MPI reside in the Great Lakes Basin,
Year round production,
Accessibility: year round transportation
by rail and water,
Energy: ample natural gas and hydroelectric
Environmental and ecologically sensitive
Longevity: 35+ year life of mine, and
Broad based community and political support.