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Sulphuric Acid -
NEWS
2010 Topsoe launches new sulphuric acid catalyst November 2, 2010 -
Topsoe has developed a new sulphuric acid catalyst for operation in converted
strong gases. The catalyst –
designated VK-701 LEAP5™ – has shown significant activity
advantages compared to existing potassium and caesium-promoted catalysts. The high activity offered by VK-701 LEAP5™
presents new conversion opportunities for any single- and double-absorption
plants. “We are pleased to
present our clients with a new and improved catalyst, which will reduce their SO2
emissions significantly,” says Lene Hansen, General Manager, Marketing Sulphuric
Acid. The catalyst has been
developed in-house by Topsoe’s researchers, and the new VK-701 LEAP5™
exhibits a major leap in activity based on physical and chemical changes
enhancing the amount of the active vanadium in oxidation state V5+.
CER Will Install $11 Million Waste Heat Recovery System for Wengfu Ltd. in China
November 11, 2010 - China Energy Recovery Inc. announced today it signed a $10.9 million (US) contract with Wengfu Co., Ltd. to retrofit a heat energy recovery system into an existing sulfuric acid plant at the company's Fuquan City facility located in Guizhou Province, China. CER's heat recovery system will be capable of generating 960 tons of steam per day at 176C and 0.8MPa from operations at the plant. The steam will be used to supply power for the plant, reducing its demand for electricity produced from fossil-fuels. CER's installation is scheduled for completion in August 2011. Wengfu produces a range of basic chemicals at its Fuquan City facility including phosphate, sulfuric acid, iodine and anhydrous hydrogen fluoride. "We are excited to have Wengfu as a new customer and we look forward to helping them cut costs and reduce pollutants," CER Chairman and Chief Executive Officer Qinghuan Wu said. "CER has developed a strong design that will deliver real savings." Installation of CER's heat recovery system is aligned with Wengfu's commitment to sustainable development and reduced sulfur chemical pollution. By using recovered heat to produce steam as an energy source, Wengfu will be able to reduce costs, energy consumption and pollutants.
DuPont to acquire sulfuric acid firm MECS Los Angeles Region to Curb Lung-Damaging Sulfur Pollution November
9, 2010 - Amid a gray landscape of oil refinery smokestacks and storage tanks, a
massive pile of neon-yellow sulfur sits alongside the Port of Long Beach.
That pile, or others like it, are set to grow considerably, now that Southern
California air pollution officials are cracking down on sulfur oxide emissions
that contribute to an epidemic of asthma and other health problems in the
region. Eleven major refineries and industrial plants in the Los Angeles
area will be forced to slash their airborne sulfur pollution by more than 2,000
tons a year under sweeping new regulations, adopted by the South Coast Air
Quality Management District. The new rules effectively halve the amount of
sulfur oxides that can be emitted in the district, which covers Orange County
and major portions of Los Angeles, San Bernardino and Riverside counties.
Sulfur is a component of the minute airborne particles, 2.5 micrometers or
less in size, that are responsible for the premature deaths of an estimated
9,000 Californians each year. The particles come from stationary sources such as
refineries and cement plants, and mobile sources such as trucks, tractors and
forklifts. Environmentalists hailed the Los Angeles region's crackdown on
sulfur, which came after three years of negotiations with the oil industry. "It
felt like a nine-round bout between two heavyweights," said Adrian Martinez, an
attorney for the Natural Resources Defense Council. "We have filthy air, and we
need to tell big polluters like refineries to clean up their act." The
sulfur reductions, amounting to 5.7 tons per day, will phase in between 2013 and
2019 as part of the area's "Regional Clean Air Incentives Market" (RECLAIM), a
cap-and-trade system set up in 1993 to reduce sulfur oxides and nitrogen oxide
pollution. Emissions on large industrial plants were capped, with the cap
dropping over 10 years. But in 2003, Martinez said, reductions stopped.
The sulfur cap has not been lowered in seven years, and the district did not
revise its assessment of the technology available to reduce sulfur emissions, he
added. Catherine Reheis-Boyd, president of the Western States Petroleum
Assn., called the three-year rule-making "grueling" and said oil companies had
made a "huge commitment" in accepting "the very tight controls imposed by this
rule." Although federal officials are considering even stricter standards for
fine particles, Reheis-Boyd warned that any additional controls are unlikely to
be cost-effective and "should be avoided." CER Signs $23 Million
Contract for Two Heat Recovery System Installations in China
November 5, 2010 - A Return
Customer, Hubei Sanning Chemical Co. Orders CER Systems for New and Existing
Sulfuric Acid Plants - SNC-Lavalin to Revamp Sulphuric Acid Plant in Jordan (November 3, 2010) British Sulphur is
changing its name to CRU October 21, 2010 - As a
delegate to British Sulphur conferences, you will know that we have been
providing events, analysis and consultancy to the Sulphur, Sulphuric Acid,
Phosphates and Nitrogen + Syngas industries for over 50 years. You may
also know that CRU International acquired British Sulphur in 1985. CRU
kept the British Sulphur name and British Sulphur continued to operate as part
of the CRU group. As part of a drive to streamline our business and
deliver superior value to clients, we have decided to stop using the British
Sulphur name. Now, when you attend one of our conferences, buy our market
analysis, commission our consultants, you will see one brand, one name, one
business—CRU. CRU is the world’s leading independent consultancy,
business analysis and conference provider for the metals, mining, fertilizers
and cables industries. Founded in the late 1960s and still privately owned to
ensure its independence, CRU is located in London, Beijing, Mumbai, Santiago,
Sao Paulo, Sydney and key centres in the United States. CRU employs over 200
experts comprising economists, management consultants, engineers, metallurgists,
geologists, chemists and journalists. While we change the British Sulphur
name to CRU, we are also investing in the CRU website. We want to give you a
better and more efficient way of viewing information, accessing reports and
finding out about our latest conference or publication. Look out for your new
website in early 2011. SEI and FLSmidth to Supply Fabric Filter Systems to
the North American Utility Industry October 15, 2010 -
Southern Environmental, Inc. (SEI) and FLSmidth's North American Air Pollution
Control business have established a LONG-TERM TEAMING AGREEMENT to bring
turn-key Fabric Filter Systems to the Utility Industry. Under this agreement
FLSmidth and SEI will work closely together and collaborate in the areas of
sales, marketing, design, engineering, fabrication, construction and project
management to provide end-to-end, custom designed, turn-key fabric filter
systems. Based on the joint engineering philosophies focused on quality and
high performance through modeled and scientifically controlled gas flow, SEI and
FLSmidth will have a team of some of the best talent in the air pollution
control market, unifying the highest level of integrity in the business.
Incitec Pivot breakdown adds to Xstrata emissions Madras HC Orders Closure of Sterlite’s Copper Smelting Plant (September 28, 2010) Judge won't dismiss sulfuric acid antitrust caseSeptember 24, 2010 - A federal judge in Chicago on Friday refused to dismiss an antitrust lawsuit in which companies that bought sulfuric acid accused producers of that chemical of conspiring to fix prices in the United States and Canada. U.S. District Judge David Coar said there were "enough issues of contested material fact" to let the plaintiffs pursue allegations of a conspiracy to cut output and boost prices from 1988 to 2001, violating a U.S. antitrust law, the Sherman Act. "There is, of course, a lack of clarity as to whether defendants in fact acted as plaintiffs allege," Coar said in an 80-page ruling. "There is complete clarity that, if they did, it would amount to a per se violation of the Sherman Act." Coar said he rejected motions to dismiss by Norfalco, a joint venture between Canadian companies Falconbridge Ltd and Noranda Inc; Boliden Intertrade Holdings Inc; Koch Industries Inc; Noranda and Pressure Vessel Services Inc. He said he dismissed part of the plaintiffs' case against Falconbridge, and their entire case against GAC Chemical Corp. DuPont Co. had been a defendant before settling, the judge said. Defendants still in the case were not immediately available for comment. Sulfuric acid is used in industrial applications such as fertilizer production, lead-acid batteries and oil refining, and is among the most widely used products in the chemical industry. The highly corrosive commodity can also be used to produce narcotics, and its transportation is partly overseen by the U.S. Drug Enforcement Administration. The case is In re: Sulfuric Acid Antitrust Litigation, U.S. District Court, Eastern District of Illinois, No. 03-04576. Vale reaches tentative deal to end bitter mining strike (July 4, 2010)
Befesa completes the financing for its new desulphurisation plant in the Port of
Bilbao June 21, 2010 - Befesa, through its subsidiary Befesa
Valorización de Azufre, S.L.U. (formerly Acoleq Químicos S.L.U.), has completed
the non-recourse financing to construct and operate a new plant producing
sulphuric acid from waste sulphur in the Port of Bilbao.
The project, which will require an investment of €70 million, will be partly
financed by a syndicate of banks comprising Banco Pastor, Cajasol, Banesto, Caja
Rural de Navarra, Ipar Kutxa and Bankoa. Befesa will also invest capital from
the sale of the land where its existing desulphurisation plant is currently
located, which was sold in 2008 as part of the Sefanitro Interior Reform Special
Plan of the municipality of Baracaldo (Vizcaya). It is worth noting that the
project also has a €2.0 million loan from the Spanish Ministry of Industry,
Tourism and Trade. The new plant,
which will be located in the Autonomous Port of Bilbao in the municipality of
Zierbena (Vizcaya), will focus on producing sulphuric acid and oleum from
sulphur and desulphurisation waste, and will include electricity cogeneration.
The plant, which will have the capacity to treat 120,000 tonnes of sulphur and
produce 350,000 tonnes of sulphuric acid and oleum, will also generate
approximately 90,000 megawatts of electricity per annum.
The process of producing sulphuric acid and oleum from waste sulphur recovered
from plants in the petrochemicals sector helps to manage the environmental
impact from oil companies by using a cleaner and safer process. The new plant is
expected to be operational in the last three months of 2011.
Javier Molina, Chairman of Befesa, said “this operation demonstrates Befesa’s
capacity and strength to finance and develop important infrastructures and
projects focused on sustainable development using the best available
technologies, which makes us a global leader in the recycling and management of
industrial waste”. Outotec complements its sulfuric acid production technologies by acquisition of Edmeston AB
Outotec has acquired all shares in Edmeston AB, a Swedish company specializing in sulfuric acid production equipment and systems. The transaction is subject to completion of confirmatory due diligence, and it is expected to be closed in May. The parties agreed not to disclose the transaction price. Outotec is the leading supplier of advanced sulfuric acid plants for the metallurgical and chemical industries. Outotec's technology is used for example in fertilizer production. The company has delivered over 600 sulfuric acid plants globally. Edmeston AB is a Gothenburg Sweden based company specializing in engineering and supply of process equipment used primarily in sulfuric acid plants. Edmeston has unique know-how of special stainless steel grades suitable for use in highly corrosive environment. Edmeston's annual revenues are approximately EUR 10 million, and it employs around a dozen professionals. "The acquisition of Edmeston strengthens Outotec's position as the leading provider of sulfuric acid production technology. Edmeston complements our offerings to the sulfuric acid plant operators enabling us to raise our service level in particular in equipment refurbishments and upgrades," says Pertti Korhonen, President and CEO of Outotec.
May 18, 2010 - Finnish mining and metal manufacturing equipment provider Outotec has announced that it has finalized the acquisition of Edmeston AB, a Swedish company specialized in engineering and supply of process equipment used primarily in sulfuric acid plants, after successful completion of the confirmatory due diligence. SteelOrbis announced Outotec's acquisition of all shares in Edmeston AB on April 29, 2010, which was subject to completion of due dilligence. Edmeston has unique know-how of special stainless steel grades suitable for use in highly corrosive environments. Edmeston's annual revenues are approximately €10 million, and it employs around a dozen professionals.
Freeport to begin construction of sulphur plant
April 25, 2010 - After a 16-month delay, Freeport-McMoRan Copper & Gold will move ahead with construction of a sulphur-burning plant at the Dos Pobres copper mine at Safford. The sulphur burner will produce sulfuric acid, which is required in copper recovery from raw ore. While the sulphur burner is expected to require few new permanent employees, about 250 construction employees will work on the project at its peak, according to Freeport spokesman Richard Peterson. He did not specify how long the project’s “peak” period will be. The Arizona Department of Environmental Quality approved revisions of Freeport’s air quality permit in the fall of 2008 to allow construction of the sulphur burner. Freeport shelved the project in December 2008 in response to declining economic conditions in the copper industry and the United States economy as a whole. The project is expected to cost approximately $150 million. Completion of the “highly automated plant” is expected in about a year, Peterson said in an e-mail response to questions from the Courier. “The plant will burn elemental sulphur that will be brought by railcar to a transfer facility that will be built southeast of Fort Thomas. Sulphur will be transferred from the railcars to trucks for transportation to the sulphur burning plant,” Peterson said. Although there will be an average of 18 trucks a day, the transport plan is expected to reduce overall track traffic on Highway 70 because every truck of elemental sulphur will replace two trucks of acid, according to Peterson. He also said the plant will have a capacity of approximately 465,000 tons of sulfuric acid per year. Waste heat from the sulphur burner will be used to produce 15 megawatts of electric power.This is 10 more than needed to operate the acid plant. The remainder will be used to support part of the electricity demand from the Safford mine.
ICIS acquires benchmark sulphur market publications
April
12, 2010 - ICIS has announced its acquisition of a portfolio of benchmark
sulphur and sulphuric acid market publications and services from PentaSul Inc. April 1, 2010 - The Japan Bank
for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe) signed
on March 31 a loan agreement totaling up to 133,245 thousand US dollars with
SKZ-U Limited Liability Partnership (SKZ-U) in the Republic of Kazakhstan.
The loan is co-financed with Sumitomo Mitsui Banking Corporation (agent bank)
and Mizuho Corporate Bank, Ltd., with JBIC providing a partial guarantee for the
co-financed portion. SKZ-U is a joint-venture company which Marubeni
Corporation (Marubeni), the Tokyo Electric Power Company, Incorporated (TEPCO)
and Toshiba Corporation (Toshiba) have set up jointly with National Atomic
Company “Kazatomprom” Joint Stock Company, a state-owned atomic energy company
in the Republic of Kazakhstan, and others. The proceeds of the loan will
be used by SKZ-U to construct a sulphuric acid production plant in Kzyl-Orda,
southern Kazakhstan. Sulphuric acid is an essential agent for the uranium
mining process. Sulphuric acid generated by this project will be mostly
supplied to the Kharassan project, a uranium development project being
undertaken in Kazakhstan by Japanese firms including Marubeni, TEPCO and
Toshiba, jointly with Kazatomprom. This loan will support a supply of
sulphuric acid which is essential for Japanese firms' uranium production project
in Kazakhstan, thereby ensuring the long-term, stable operation of the project
and consequently contributing to the securing of natural uranium resources for
Japan. Kazakhstan is endowed with the world's second largest proven
uranium reserves and Kazatomprom is the fourth largest natural uranium producer
in the world. Amid rising interest in measures against global
warming, countries around the world including emerging economies are drawing up
programs to either restore or newly introduce nuclear power generation.
Against this backdrop, demand for uranium relative to supply is projected to
become tight over the coming years, placing Kazakhstan in an ever important
position as a resource supplier. The government of Japan signed an
Agreement with Kazakhstan for cooperation in the peaceful uses of nuclear energy
on March 2 this year as part of efforts to strengthen bilateral ties with the
country. JBIC is also striving to secure a stable uranium supply by
supporting multiple uranium deposit development projects implemented by Japanese
firms in Kazakhstan. As Japan's official financing institution, JBIC will
continue to help cement ties with Kazakhstan, one of the most important resource
suppliers in Central Asia, and to support Japanese firms' efforts to develop and
acquire interest in significant resources in the country by mobilizing a variety
of financial schemes and risk-taking functions.
Sulphuric acid prices held down by excess supply April 7, 2010 - Purchasing of sulphuric acid has undergone a "dramatic turnaround" so far this year, according to CRU International, which says "rising demand is evident from the industrial sector, the phosphate fertilizer industry and copper leaching operations." However, inventories still are well in excess of renewed demand. So, near-term prices should stay around the $144/ton average of the first quarter and not approach the $200/ton average of 2009, according to the CRU report presented at this week's World Copper Conference in Santiago, Chile. While there is some tightness in the U.S. acid market, ICISpricing.com says production rates were slightly improved from a month ago. So, there is quite some debate whether spot prices will rise in the second quarter back to $150-$200, as sought by producers. Another issue is that phosphate fertilizer prices have begun to weaken, "undermining sentiment in the sulphuric acid market," says CRU. "It is too early to say whether the price boom-that brought U.S. market prices up from an average $107/ton in October and November-has come to an end, but market activity is very thin and there are growing indications that further increases may not be sustainable." The analysis suggests that supply of sulphuric acid is forecast to remain tight. So, drop in prices is unlikely for the next few months. However, the peak application season for phosphate fertilizers is almost over, and stocks of sulphuric acid are expected to gradually increase over the summer. "For this reason, the second half of the year will probably see prices coming down for both products," CRU forecasts. In another analysis of the world fertilizer market, TD Bank analysts also are cautious about offshore demand due to recent weakness in global crop prices, "which may limit the global demand fertilizer rebound volume and/or price gains." Source www.purchasing.com New smelting facility, a Refinery and a Sulphuric
Acid Factory planned for Serbia's RTB Bor April 7, 2010 - Together with Canadian Ambassador to
Belgrade John Morrison and representatives of the SNC-Lavalin Company, Dinkic
visited the RTB Bor
mining complex, for which a new investment cycle has been announced, including
the construction of a new smelting facility, a refinery and a sulphuric acid
factory. Dinkic said that the construction of new facilities will be
financed via a very favourable loan granted by the Export Development Canada
(EDC) bank, in the amount of €135 million. The loan was secured thanks to
guarantees provided by the Republic of Serbia, Dinkic noted adding that the
contractor is Canadian company SNC-Lavalin. The Deputy Prime Minister said
that this is the most serious investment cycle in the last 30 years, specifying
that €27 million will be invested in mining equipment. During Tuesday's
tour of the Veliki Krivelj open pit, Dinkic officially put a new damper into
operation. The new equipment installed includes ten trucks that can transport
220 tonnes each, two excavators, two bulldozers, a drill and a grader.
Investment in this mine is an investment in the future because there will be new
jobs for young engineers and new employees, which will contribute to the
development of the entire region of eastern Serbia, he said. He added that
this investment will also provide a healthier environment for the citizens of
Bor. It is important to invest in Bor, because copper is a strategic raw
material, with its value on the world stock market having recovered faster than
that of other metals, said the Minister and explained that copper is
increasingly used in the production of clean technologies. The Minister
said that the agreement on financing is to be signed with the EDC by 20 May,
after which the document should be ratified in the Serbian parliament. The
EDC’s loan will be granted under very favourable conditions, with a grace period
of three years, 14 semi-annual payments and an effective interest rate of
approximately 2.9% per annum, concluded Dinkic. Source: Government of Serbia.
Source: Government of Serbia Chile Enami halts operations at largest smelting plant for
10 days April 6, 2010 April 4, 2010 - Indian Farmers Fertiliser Cooperative Ltd, country's largest fertilizer manufacture in cooperative sector, has registered a record production during the 2009-10 financial year. In the fiscal that has passed by, the Paradip-based IFFCO plant, since its acquisition from a sick private ownership on 2005, recorded the highest ever fertilizer production to the tune of 15,00,000 MT, according to M R Patel, Executive Director, IFFCO Paradip unit. In a major turnaround, the fertilizer unit has also registered impressive growth in Phosphoric Acid and Sulphuric Acid production in 2009-10 fiscal Patel claimed. While 4,62,000 MT phosphoric acid was produced at the plant, the unit recorded 14,28,290 MT Sulphuric Acid production, he said. Listing out the achievement made by the cooperative fertilizer manufacturing unit, Patel informed that IFFCO Paradip has generated 3,12,420 MWH of Power in the in its captive power plant during financial year 2009-10. At a time when the state is starved of power resources, IFFCO has come to the need of the state by supplying 24,778 MWH power. The financial year that has gone by is an eventful one with the plant bagging prestigious National Energy conservation award. IFFCO, Paradip is also the recipient of ‘improvement in overall performance' and ‘best technical innovation' awards from fertilizer association of India. The IFFCO Paradip is sticking to industrial safety standards and its pollution control mechanism is one of best in fertilizer sectors in the country, Patel claimed. But contrary to claims, the fertilizer-manufacturing unit is now faced with accusation of discharge of toxic gaseous substances in the air affecting residents of at least three GPs in Kendrapara district. Kendrapara district administration has ordered an inquiry into the alleged emission of toxic gas in the air. The PRI members of Ramnagar, Kharinasi and Barakanda GPs located at the close periphery of the fertilizer plant had recently drawn the attention of district administration alleging that toxic emission is causing health hazard in their localities.
Uranium One mulls participation in second Kazakh acid plant
March 12, 2010 - Uranium miner Uranium One is investigating the possibility of
becoming a partner in another new sulphuric acid plant in Kazakhstan, CEO Jean
Nortier told Mining Weekly Online on Thursday.
Although the company is not concerned with the actual availability of sulphuric
acid in the country, it has warned that the logistical supply lines are
“stretched”, particularly as a number of projects and expansions ramp up.
Kazakhstan is expected to become the top uranium producer this year, overtaking
Canada. Nortier emphasised that
Uranium One continues to receive the acid supplies it needs each week for
its in situ leach operations, but said there is a concern that road conditions
or low availability of trucks or storage facilities could result in a temporary
interruption. The company is
working with other producers in Kazakhstan to address the issue, including by
establishing new storage facilities where the acid gets offloaded from the rail
trucks before it is loaded onto road trucks, and improving the quality of the
roads over which the acid is shipped, he said.
“And we are investigating the possibility of being partners in the construction
of an additional sulphuric acid plant,” he said in an interview.
Uranium One already has a 19% interest in a new 500 000 t/y acid plant that is
under construction near its Kharasan operation.
“For this additional one, we are still talking to potential partners, so there's
nothing on the table that I can actually give concrete details on,” Nortier
said. He said he expects most of the pressure on the acid logistics
lines to have been released by the end of this year. Uranium One produces uranium from mines in Kazakhstan, and
owns 51% of the Honeymoon project, in Australia, as well as some processing
facilities and deposits in the US. Mitsubishi Materials May Run Smelters at
Full Capacity in Japan March 10, 2010 - Mitsubishi Materials Corp.,
Japan’s third-largest copper producer, may run its two domestic smelters at full
capacity in the next fiscal year, in contrast to plans by two rivals to keep
production cuts, an executive said. “At the moment, that’s the plan,”
Kenichi Watase, general manager in the Tokyo-based company’s sales department,
said in an interview today. Watase declined to elaborate as the company expects
to issue its output targets for April to September early next month. The
producer planned to make 300,000 metric tons in the year ending March 31.
Prices of copper, used in pipes and cables, more than doubled in the past year
as the global economy recovered from its worst postwar recession. BHP Billiton
Ltd. and Freeport- McMoRan Copper & Gold Inc. won a 38 percent cut in 2010
processing fees from smelters as raw material supplies tightened after China
expanded capacity. Pan Pacific Copper Co. and Sumitomo Metal Mining Co.
have said they may keep production cuts in the year from April 1 because of the
lower fees. Mitsubishi Materials operates the Onahama smelter, to the
north of Tokyo, with a capacity of 258,000 tons, and the Naoshima smelter, in
western Japan, with 225,000 tons. The company has a 50 percent stake in the
Onahama smelter. The company “is flexible on adjusting production based on
the market situation in coming months” given the reduced fees and uncertain
demand outlook at home and abroad, Watase said. “We don’t know whether a
recovery in demand from the auto sector will continue after subsidies end later
this year.” “After domestic demand plunged
last year to the lowest level since 1975, we’ve seen a recovery in some sectors,
including cars and semiconductors, not from overall industries,” in recent
months, Watase said. The Japanese government has extended the
subsidy program, which was set to expire at the end of March, for six months
through September. Electric, hybrid, natural-gas, and some diesel vehicles
qualify for an exemption from the country’s weight and purchase taxes.
Exports to China “will depend on Chinese government policies and the price
difference between the Shanghai market and the London Metal Exchange,” Watase
said. “In my personal view, China’s demand growth would remain steady this
year.” Asked if Mitsubishi Materials saw
any change in the market for sulfuric acid, a byproduct for copper smelting,
Watase said demand has recovered from fertilizer makers and mining companies.
“We’ve seen good demand for the fertilizer sector in North America as the
planting season for grain crops starts soon,” Watase said. Sulfuric acid
supplies have been tight since early January as demand jumped after a recession
slashed stockpiles held by fertilizer makers and mining, he said. The
value of sulfuric acid, used to dissolve metal ore and produce fertilizer, has
gone from worthless to “crazy” this year, increasing costs for mining companies,
according to London-based researcher CRU Group said. Demand from
fertilizer makers, normally about half of world sulfuric acid consumption, has
risen as higher prices for their products prompted companies to rebuild stocks,
Joanne Peacock, an analyst at CRU, said March 8. Doe Run Peru reach a positive Letter of Intent with Glencore
March 1, 2010 - Doe Run Peru S.R.L. has reached a Letter of Intent with Glencore
to support the re-start of metallurgical operations in La Oroya, Peru.
Through this Letter of Intent, Glencore will supply a line of credit that may be
used as a working capital facility to help re-start the La Oroya Metallurgical
Complex and as part of the financing that will allow for the completion of the
Environmental Adjustment and Management Plan (PAMA) that Doe Run Peru has agreed
with the Government of Peru. This Letter of Intent has closed an important
step in the process to restart operations in La Oroya. Doe Run Peru will
continue to strengthen its efforts to make this re-start come true in the
shortest time possible. The company has ratified its intention to build a
long term solution to continue to meet its environmental commitments and further
improve the quality of life for the population and the future generations. Outotec to Deliver 116 Million Euro Copper Plant for Codelco in Chile March 1, 2010 - Outotec has signed a contract with Codelco for the design and delivery of a copper concentrate roasting plant, gas cleaning system and sulfuric acid plant for Codelco’s new Mina Ministro Hales mine close to Calama, Northern Chile. The contract price is approximately EUR 116 million. Outotec’s turn-key plant delivery includes basic and detail engineering, proprietary and process equipment, installation and start up services. Outotec and Codelco also signed a Memorandum of Understanding for two years’ operation and maintenance of the new plant. The new plant will treat annually up to 550,000 tonnes of copper concentrate and it will produce approximately 250,000 tonnes of sulfuric acid. The plant is scheduled to be commissioned in early 2012. “Codelco, the world’s largest copper producer, has been our business partner for decades. The company has high standards for operational safety and environmental requirements. This significant order demonstrates their confidence in the sustainability of our technologies and project execution competence”, says Pertti Korhonen, President and CEO of Outotec. |