Global Atomic Announces Successful Startup of Turkish Zinc Facility
Toronto, ON: Global Atomic Corporation (“Global Atomic” or the “Company”) is pleased to announce Befesa Zinc S.A.U. (“Befesa”) has resumed operations at the Turkish EAFD processing plant in Iskenderun, Turkey. The expansion from 65,000 tonnes to 110,000 tonnes of electric arc furnace dust (“EAFD”) processing capacity has been completed on time and within budget.
The expansion project started in January 2019. Approximately 20,000 tonnes of EAFD is presently stockpiled at warehouses and plant facilities. With stockpiles to supplement new EAFD, the plant will immediately operate at capacity for the remainder of 2019. Economics of the expanded plant are expected to significantly improve as a result of the following:
- Zinc recovery rates to improve from 80% to 90%
- Zinc contained in concentrate will double to 60 million pounds annually at full utilization
- Unit operating costs to reduce on utilizing the best available technology in a clean, environmentally sensitive manner