715Electricity baseline for product

#### 715 Electricity baseline for product The electricity baseline for calculating the amount of a liable entity’s exemption in respect of the production of magnetite concentrate is 0.0826 MWh per tonne of 100% equivalent iron (Fe) contained within magnetite (Fe3O4) concentrate that: (a) has a concentration of iron (Fe) equal to or greater than 60% of the concentrate on a dry weight basis; and (b) has a particle size of less than 75 microns for at least 80% of the concentrate; and (c) is produced by carrying on the emissions‑intensive trade‑exposed activity; and (ca) is not a relevant product for the emissions‑intensive trade‑exposed activity of the production of ferrovanadium; and (d) is of saleable quality. > Note: Saleable quality is defined in regulation 22C.