Strategic and Precious Metals awards equipment order for $65m antimony project

Business Tuesday 09/August/2016 17:54 PM
By: Times News Service
Strategic and Precious Metals awards equipment order for $65m antimony project

Muscat: Strategic and Precious Metals Processing (SPMP), which is building a project to produce 20,000 tonnes of high quality antimony and 50,000 ounces of gold per annum, has awarded its first major equipment order launching its Oman Antimony Roaster (OAR) project into procurement and implementation phase.
“This awardwill provide the roaster with a modern metal oxide reduction technology. Of the three furnaces ordered, two are for antimony production and the third is for the recycling of calcines, which enables OAR to recover gold,” said a company release.
This modern furnace technology allows OAR to operate in a clean and low emission manner, a key differentiator for antimony products to be produced from the OAR.
SPMP together with its consulting engineers and equipment supplier partners are committed to completing the project on schedule, expected to be commissioned in the fourth quarter of 2017, and with the board approved capital budget, including the gold recovery plant, of$65.5million.
SPMP intends to deliver a modern, safe and environmentally compliant facility. Name plate capacity of the facility is 20,000 tonnes per annum of high quality antimony, of which up to 10,000 tonnes can be converted into value added antimony trioxide products, and 50,000 ounces of gold per annum.
The inclusion of the calcine recovery furnace and the associated plant for gold recovery, has allowed the project to accept a wider range of feedstock sources, which also improves the operational flexibility and economics, increasing the plant revenue opportunity by 50 per cent compared with antimony alone.