Tasmania will be hosting the southern hemisphere's first production of lucrative aluminium fluoride. The project can crop up the possibilities to deliver an annual revenue stream of about $20 million, and that too before its potential expansion.
The initiatives for a production facility at Bell Bay were augmented by the recent results of chemical analysis from The Commonwealth Scientific and Industrial Research Organisation (CSIRO), an Australian federal government agency responsible for scientific research.
ALCORE Limited is an 89% owned subsidiary of Tasmanian miner Australian Bauxite Limited. It stated: “CSIRO laboratory results showed aluminium fluoride produced by its research centre in New South Wales was of commercial chemical grades.”
ALCORE said: “Its method involved the world's first production of aluminium fluoride from the recycling of smelter waste and low-grade bauxite.”
Aluminium fluoride is a key ingredient in the smelting of aluminium metal and reduces electricity consumption in aluminium production. It is also used by the lithium-ion battery industry.
ALCORE plans to start production at Bell Bay setting a target of about 10,000 tonnes per year.
Australian Bauxite said: “Australasian aluminium smelters imported more than 30,000 tonnes of aluminium fluoride from China in the last year at a cost of about $62 million. That would put planned initial production from Bell Bay at an estimated revenue of about $20 million per year.”
Australian Bauxite earlier this year conveyed that it expected the first Bell Bay production module would start with about 50 direct jobs, gradually rising to about 300, if a further four modules were added over the time.
Ian Levy, CEO, Australian Bauxite said: "The ALCORE Research Centre is a leading-edge laboratory that has enhanced the technology significantly. We have developed a low-risk plan for the first production module at Bell Bay, Northern Tasmania. It is the lowest capital cost strategy and simplest design we have. ALCORE is planning to present a feasibility study shortly."
source https://www.alcircle.com/news/alcore-to-start-production-of-aluminium-fluoride-at-bell-bay-as-csiro-result-sends-positive-note-55908
Comments
Post a Comment