TNG Limited
Iron Oxide – Fe2O3
Overview
- High purity hematite is used for steel production
- Significant and fast growing demand in neighbouring Malaysia and Indonesia
TNG PRODUCTION AND OFFTAKE
- TNG production of 500,000 tpa iron ore fines
- 0.03% of iron ore global demand
- Fe content over 64.4%, strong premium over the benchmark 62% grade
- Malaysia and Indonesia easily absorb TNG’s production
- Reduce logistical costs
- Binding Term Sheet with Vimson Group for up to 100% of TNG’s expected iron ore products
