Hawsons Iron Ltd. has agreed non-binding Letters of Intent (LOIs) for the offtake of up to 58 million tonnes per annum (Mtpa) of high-grade Hawsons Supergrade® concentrate from the global steel sector as pressure on the industry rises to decarbonise production.
Managing Director Mr. Bryan Granzien said the current list of 18 potential off-takers, predominantly
targeting Asia and the Middle East, included 12 steel mill operators and six commodity trading houses.
Demand also exists from Mining Companies for discussion on offtake when a Bankable Feasibility Study
(BFS) is completed or nearing completion.
Hawsons is unable to name all the parties due to Commercial-in-Confidence considerations and therefore
aggregated the identified demand. LOIs from steel mill operators account for 22 Mtpa of the total and
marketers account for the 36 Mtpa balance. Steel mill operators include existing operations and
greenfield Direct Reduced Iron (DRI) steel mills being considered.