Wings Iron Ore Mine
 

 


Wings Enterprises is a fully permitted iron mine with 38 years of operating history: formerly as Pea Ridge. Today the mine is currently producting specialty iron oxides (+70% Fe, 98% magnetic) and is reopening as a multi-product, value added producer of chemical quality and specialty iron oxides, pig iron, rare earth oxides and other valuable byproducts. Wings will be the only domestic producer for all of these products.

Download our REO Summary - Click Here!


Learn how Wings is the Logistical Leader for North America!



News: Pig Iron Prices for April 2008 are +$600 per ton!


Spot Market Pricing up nearly 300% in 2007
($203 per ton for 65% Fe2O3 - steel feed, 12/07)

European Pig Iron Pricing exceeds $500 per ton
(2/08)

 

Wings Enterprises will reinstate full production of all Pea Ridge Mine Specialty Products in 2010. The new milling and sizing facilities will be able to meet the quality and sizing requirements for any industrial customer.

 

Contract pricing for 2010 is available today. All pricing will be based on a Mississippi River/Rail Port FOB price, just 30 miles south of St. Louis. For qualifying orders, Wings will offer a 2008 index price. This index price will only be available for LOIs (Letter Of Intent) and contracts negotiated before July 1, 2008. All contracts will have downside protection grantees.

 

Current Production: Wings Enterprises is currently producing 60,000 tons per year of +70% Fe that is +96% magnetic

 

Volume commitments will include FREE SHIPPING to our Mississippi River location, for FOB rail, barge or truck service at this location, just south of St. Louis, Missouri

 



February 2009 Press Release:
Wings is opening a bulk shipping/barge rail facility and pig iron processing plant in Crystal City, MO, with Alberici Constructors managing construction.. Adding 1,000 Permanent Jobs to Missouri! Click here to view full press release..

 

 

Underground Production Beginning 2010

 


 

Learn more about Wings Maps & Logistics



North East United States and Canada
Average combined reserve life for all of the NE Iron Range, including Canada is approximately 40 years. The reserve quality also continues to decline throughout the N.E. Iron Range as total Fe ore grade continues to fall and while of the best ore is bound by seasonal shipping issues. Source: USGS

China

China recently completed an internal reserve estimate for all known mainland iron ore deposits. The expected life for all known reserves was estimated at 20 years. Souce: Bejing - 2006 Blue Book


Wings Iron Ore / Pea Ridge Reserve Overview

  • - Assays show iron content from 50%-70% grade DoR


  • - Total Probable Surface Reserves: 4,300,000 short tons (st)


  • - Total Proven Sub-Surface Reserves: 174,000,000 (st)


  • - Total Probable Sub-Surface Reserves: 500,000,000 (st)


  • - Life of Est. Reserves at 3,500,000/year: 50-140 years