DRI: Direct Reduced Iron, the general process for reducing iron ore into pellets to highly metalized iron.

HBI: Hot Briquetted Iron, a form of iron reduction that uses natural gas to reduce iron oxide to metallic iron and then hydraulically compresses it into briquettes.

VIU: Virgin iron units is the name given to iron that comes from iron ore that is low in silica and undesirable elements (such as copper and phosphorus). VIU is distinct from scrap, which contains more and more tramp elements the more it is recycled. VIUs are used to dilute the tramp elements in electric arc steelmaking.

MT: Metric tonnes. Million metric tonnes is the weight measurement standard in the reduced iron market and is equal to 1,000 kilograms.

MDDELCC: Ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (Ministry of Sustainable development, Environment and Fight against climate change), receives the original project notice and, after analysis, decides if it goes to public hearing before the BAPE.

BAPE: Bureau d’audiences publiques sur l’environnement (Bureau of Environmental Public Hearings), the provincial government hearing board for any project that the MDDELCC considers to have an impact on the environment.

BWIP: The Bécancour Waterfront Industrial Park is a government-owned, 7,000-hectare industrial park on the South Shore of the St. Lawrence River, also known as SPIPB. The Société du parc industriel et portuaire de Bécancour supports investors in their efforts in implementing a project.

Gangue: The neutral and inactive non-ferrous oxide material that is mixed with iron in an ore deposit, including silica and alumina.