Consulting

First Cobalt advancing work at refinery, hydromet plant

first-cobalt-advancing-work-at-refinery,-hydromet-plant

Geotechnical drilling is underway to aid in the design of the foundations of the new solvent extraction building, copper sulphate crystallizer building, and the effluent treatment facility. Improvements to the refinery access road are complete, and it can now handle the heavier traffic of transport trucks.

First Cobalt has also added to the project team with the recent addition of a health, safety and logistic superintendent and a health, safety, environment and training co-ordinator.

Current activity is funded by the C$14 million in the company’s treasury, although debt financing of $45 million is being arranged.

The refinery last operated from 1996 to 2015. When it restarts, it will produce over 5,000 tonnes of cobalt annually in 25,000 tones of cobalt sulphate. That represents 5% of the global market.

(This article first appeared in the Canadian Mining Journal)

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