Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Maritime Iron has proposed constructing a pig iron processing facility in Belledune, Canada. 


The new facility will be designed to process 1.5mn mt of pig iron, which will be used to make steel, annually. Moreover, the facility’s gas byproduct will be transmitted to an adjacent provincial power generating station. The production process will use 50pc less coal and will help produce cleaner energy.


The New Brunswick Department of Environment and Local Government (NBDELG) has even publicly registered the Environmental Impact Assessment Report (EIA) for the proposed project. Greg McKenzie, Maritime Iron’s chief executive officer, called the EIA report a critical milestone and noted the facility will adopt innovative iron making technologies. 


The EIA report, prepared by Stantec, mentions potential environmental impacts and how they’re being avoided. The NBDELG will appointed a technical review committee to further assess environmental impacts and to query Maritime Iron about the potential environmental effects and the measures to avoid it. NBDELG will appoint Technical Review Committee to assess the environmental impact and Maritime Iron will oblige to the questions by the committee. 

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