Business
BQE Water Completes Commissioning of Metal Recovery Plant in China
(via TheNewswire) VANCOUVER, BC / TheNewswire / October 29, 2018 - BQE Wa...
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[{"type":"text","content":"BQE Water Completes Commissioning of Metal Recovery Plant in China(via TheNewswire)\n \n \nVANCOUVER, BC / TheNewswire / October 29, 2018 - BQE Water Inc. (TSX-V: BQE), a leader in the management of mine wastewater and metallurgical bleed streams, has completed the implementation and commissioning of a metal recovery plant at the Guoda gold smelter and refinery owned by Zhaoyuan Gold Smelting Co., Ltd (\"Zhaoye\").\n\n \n \nLocated in the East China coastal province of Shandong, the plant treats an arsenic laden acidic bleed stream from the smelter and selectively recovers copper and zinc as two separate sulphide concentrates using BQE Water's patented ChemSulphide(TM) technology. \n\n \n \nThe project was developed and constructed under a joint venture agreement between BQE Water and Chinese partner, Beijing based MWT Water Treatment Project Limited Company (\"MWT\"). BQE Water provided its technology, engineering services and a cash contribution of CAD $100,000 while MWT contributed financing of approximately CAD $3M and was responsible for permitting and plant construction. BQE Water Shanghai, the wholly owned subsidiary of BQE Water, will manage plant operations and receive an operating fee from the joint venture. BQE Water is also further entitled to 20% of the joint venture profits.\n\n \n \n\"We are extremely pleased with the successful completion of the plant commissioning at Guoda,\" stated David Kratochvil, President and CEO of BQE Water. \"This project increases the portfolio of plants generating recurring revenue in China, proves our new business model where the value of BQE Water's metal recovery technology can be monetized without the need for major financial contribution to the plant capital cost, demonstrates the ability of our technology to manage arsenic rich smelter streams cost effectively and provides a showcase plant for business growth in China's smelting market.\"\n\n\n \nUpon completion of commissioning, the plant entered continuous operation in September 2018 and is currently producing approximately 8,000 lbs of copper and 180,000 lbs of zinc contained in high grade concentrates per month. The copper concentrate is sold to the Guoda smelter while the zinc concentrate is sold to local metal traders. \n\n \n \nBQE Water developed the ChemSulphide(TM) technology as a means of recovering metals of value fro...