trommel and terex 400-originally planned as trommel loader' arrived May 19,2012 to process over 200k tons of "waste"-0-1mm into fertilizer (less than .5mm) and .5-1mm iron chips for use as sinter fines. Processing began, though the separate magnetic separator for the trommel didnt arrive until July 3rd. The last ship Qin Hai left for Bao June 12 and they reportedly planned a shipment of either the sinter or fert product processed by trommel etc. Summer oversupply combined w China slowdown to 7.5% growth,which any other country would kill for,slowed steelmaker buying in August/Sept to allow high inventories to be reduced commensurate w a 7.5% growth.
Mexican Presidential elections in July were contested in court and thus not finalized until Aug 30 court decision upholding the results.
Plus probable new stricter rules re iron exports resulted in CWRN apparently learning they needed an iron export permit to the USA for the estimated 135k tons of fertilizer-see trommel production calculations in stickies-since the fertilizer independently tested at 55.42-55.9% iron-just a little below the 2nd international standard of 58% for iron ore. (Chinas domestic ore is only 15-20$% average and falling).
So they've been working on getting export permit for fertilizer to export it to the USA. The paralysis associated w a change of Mex govt apparently delayed that process,though they could have said permit by now. Mr a thousand posts that CWRN would never ship an ounce "altruistically" says the new govt doesnt take seat til Nov 1-I havent looked that up so this is the part where I give the audience a participation opportunity to look that up.
This pic shows all 3 screens running/processing the over 200k tons of 0-1mm waste. Said screens have been reported by CWRN as running 6-7 days/week--over 200k tons is a lot of product--5 ships of 40k tons or 3.33 ships of 60k tons-the size they are hoping for to hopefully reduce shipping by $16/ton as publicly reported. Pic copyright by CWRN and or its sub.
