BioteQ Provides Operations and Development Project Update
Nov 16, 2011
BioteQ Environmental Technologies, Inc. (TSX: BQE) has provided an interim update on plant operations and development projects, and revised its guidance for 2011.
- BioteQ has completed the engineering review of the Kinross Maricunga SART plant. BioteQ is contracted to provide commissioning and operator training services when the plant construction is complete next spring.
- BioteQ has initiated site due diligence, testing and engineering work to establish design criteria and pricing for a new SART project with a European engineering firm for a gold mine site in central Asia. This stage of work is expected to be complete by the end of October. Plant construction, scheduled for 2012, is subject to customer approval.
- Engineering has been completed for a mobile Sulf-IX™ plant for Newalta. Plant construction is expected to commence later this year.
- Engineering has been completed for a 6,500 m3/day zinc recovery plant for a Canadian-based gold mining company; this project was originally anticipated to advance to construction this year; however, the customer has delayed initiation of the project due to competing priorities.
- Engineering is in progress for an arsenic removal plant for EcoMetales. The plant design is expected to be complete by the end of October. Plant construction is subject to final approval by EcoMetales.
- Engineering has been completed for a molybdenum recovery plant for EcoMetales. BioteQ had anticipated that this project would proceed to construction in 2011; however, the customer has placed the project on hold, pending stabilization in commodity prices and a review of potential capital cost savings.
- In addition to the projects noted above, BioteQ has an additional 10 projects in the advanced stages of proposal assessment and development, and a further 15 projects in the initial stages of evaluation. Additional details will be provided via press release as specific projects advance.
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Contact
BioteQ Environmental Technologies Inc.
Suite 1100 - 355 Burrard Street
V6C 2G8 Vancouver, B.C.
Canada
Phone:
(+1) 604 685 1243
Fax:
(+1) 604 685 7778