{"id":715,"date":"2023-10-30T23:57:55","date_gmt":"2023-10-30T23:57:55","guid":{"rendered":"https:\/\/economicherald.net\/?p=715"},"modified":"2023-10-30T23:57:55","modified_gmt":"2023-10-30T23:57:55","slug":"cyclone-metals-recruits-ex-rio-veterans-to-develop-large-scale-magnetite-production-in-canada","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=715","title":{"rendered":"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada"},"content":{"rendered":"

Cyclone appoints Paul Vermeulen as General Manager of Technology and Steel Markets
\nHe will be responsible for developing high-value and low-carbon steel products and managing technical studies
\nHis appointment illustrates Cyclone\u2019s strategy to fully integrate its future operations with European and Middle Eastern steel mills who can benefit the most from ultra-low carbon magnetite products.<\/p>\n

\u00a0\u00a0<\/p>\n

Cyclone Metals is building a crack team to drive the development of its flagship Block 103 project, appointing metallurgist Paul Vermeulen as general manager of technology and steel markets.<\/strong><\/p>\n

In April, Cyclone Metals (ASX:CLE)<\/a> acquired the Block 103 project in Canada\u2019s Labrador Trough \u00ad\u2014 one of the largest magnetite iron ore belts on earth and the only one which benefits from open access rail and port infrastructure.<\/p>\n

Magnetite projects normally cost a lot more to build than hematite projects due to the need to process lower grade ore into a concentrate.<\/p>\n

However, the magnetite \u00a0concentrate is typically super-high grade Fe meaning it captures a significant premium over the 62% Fe benchmark and is much better suited for low carbon emissions steelmaking. Many industry experts believe that magnetite concentrates are now more economically attractive than hematite ores because of increasing carbon taxes and the structurally higher energy costs.<\/p>\n

In June, Cyclone defined a monster 7.2 billion tonne mineral resource\u00a0at 29.2% total Fe for its Block 103 magnetite project. In September Cyclone started an extensive metallurgical test work program on bulk sediment samples, to demonstrate that a high quality 69.5% Fe magnetite concentrate can be easily produced. The Company claims that it will be able to procure bulk samples of magnetite concentrate to steel clients, as early as February 2024.<\/p>\n

\u00a0<\/p>\n

Veteran team of iron ore, steelmaking experts to drive development<\/strong><\/h2>\n

In line with its strategy to integrate mining and steel making, Cyclone has appointed Paul Vermeulen as general manager of technology and steel markets. Vermeulen is a highly credentialled metallurgist who has worked both in the iron ore and steel making industry.<\/p>\n

Vermeulen will be responsible for developing high-value and low -arbon steel products and managing all technical studies spanning the ferrous value chain \u2013 everything from mineral resource definition to steel production.<\/p>\n

His previous operational roles include Blast Furnace Manager at Iscor South Africa (now Arcelor-Mittal), where he managed one of the largest blast furnaces in the southern hemisphere. He also worked for five years at Rio Tinto (ASX:RIO)<\/a> as principal technical marketing, where he played a key role in developing high value iron ore products for steel mills, including the benchmark Rio Tinto \u2018Pilbara Blend\u2019.<\/p>\n

It follows the appointment in April \u00a0of chief executive officer Paul Berend, former Rio-Tinto GM business development and \u00a0former GM Corporate strategy of Arcelor \u2013 the largest steel producer in the world.<\/p>\n

\u201cPaul Vermeulen is one of the very rare metallurgists who has a complete and expert understanding of the full ferrous value chain \u2013 from the ore in the ground to steel production,\u201d Berend says.<\/p>\n

\u201cHis appointment illustrates our strategy to fully integrate our future operations with European and Middle Eastern steel mills who will benefit the most from our products.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Cyclone Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Cyclone appoints Paul Vermeulen as General Manager of Technology and Steel Markets He will be responsible for developing high-value and low-carbon steel products and managing [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nCyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=715\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Cyclone appoints Paul Vermeulen as General Manager of Technology and Steel Markets He will be responsible for developing high-value and low-carbon steel products and managing [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=715\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T23:57:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-108316579-wTqLLX.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2107\" \/>\n\t<meta property=\"og:image:height\" content=\"1423\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada\",\"datePublished\":\"2023-10-30T23:57:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715\"},\"wordCount\":573,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-108316579-wTqLLX.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=715#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=715\",\"name\":\"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-108316579-wTqLLX.jpeg\",\"datePublished\":\"2023-10-30T23:57:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=715\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-108316579-wTqLLX.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-108316579-wTqLLX.jpeg\",\"width\":2107,\"height\":1423},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=715#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=715","og_locale":"en_US","og_type":"article","og_title":"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada - Economic Herald","og_description":"Cyclone appoints Paul Vermeulen as General Manager of Technology and Steel Markets He will be responsible for developing high-value and low-carbon steel products and managing [more...]","og_url":"https:\/\/economicherald.net\/?p=715","og_site_name":"Economic Herald","article_published_time":"2023-10-30T23:57:55+00:00","og_image":[{"width":2107,"height":1423,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-108316579-wTqLLX.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=715#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=715"},"author":{"name":"","@id":""},"headline":"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada","datePublished":"2023-10-30T23:57:55+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=715"},"wordCount":573,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=715#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-108316579-wTqLLX.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=715#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=715","url":"https:\/\/economicherald.net\/?p=715","name":"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=715#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=715#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-108316579-wTqLLX.jpeg","datePublished":"2023-10-30T23:57:55+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=715#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=715"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=715#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-108316579-wTqLLX.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-108316579-wTqLLX.jpeg","width":2107,"height":1423},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=715#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Cyclone Metals\u2019 recruits ex-Rio veterans to develop large scale magnetite production in Canada"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=715"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/716"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}