Alexander Mining receives proposal to buy AmmLeach technology
04 February 2010
AIM listed mining group Alexander Mining has received an indicative, non-binding proposal from a company that wants to buy its AmmLeach ammonia leaching technology on an outright basis for its global operations.
The move follows months of activity surrounding the technology, including approaches by a number of multinational mining companies interested in licensing AmmLeach.
The latest development has triggered a decision by Alexander to bring in independent technical experts to examine the potential capital and operating cost savings for a typical 50,000 and 100,000 ton per annum copper (with cobalt bi-product) mining operation with high acid consuming ore using AmmLeach.
In addition, the board has recommended that the company appoints an independent advisor to determine a fair commercial valuation of the AmmLeach technology based on its global application.
Alexander launched its new processing technology back in July 2007, initially for its own copper oxide deposits at the Leon copper project in Argentina. At the time, it said that there was significant potential for use on other base and precious metals and it has since focused on commercialising the technology.
Last summer, Alexander said it was attracting particular interest from companies working in the African copper belt –Zambia, the Democratic Republic of Congo and Southern Africa. There was also a notable amount of activity with other mid and small size mining companies, including involvement in distressed mining situations where the leaching technology could make a significant difference to the economic prospects of those situations.
|
Relevant Companies
For more company information click below:
Headlines
31 August 2010
30 August 2010
27 August 2010
20 August 2010
18 August 2010
13 August 2010
09 August 2010
06 August 2010
30 July 2010
29 July 2010
28 July 2010
27 July 2010
26 July 2010
23 July 2010
23 July 2010
22 July 2010
21 July 2010
19 July 2010
16 July 2010
12 July 2010
09 July 2010
08 July 2010
07 July 2010
06 July 2010
05 July 2010
02 July 2010
06 May 2010
13 April 2010
24 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
19 March 2010
19 March 2010
» See all News
Features
31 August 2010
28 July 2010
23 July 2010
13 April 2010
24 March 2010
22 March 2010
19 March 2010
19 March 2010
18 March 2010
16 March 2010
15 March 2010
12 March 2010
11 March 2010
08 March 2010
05 March 2010
05 March 2010
» See all Features
Round-Ups
27 August 2010
20 August 2010
13 August 2010
06 August 2010
30 July 2010
23 July 2010
16 July 2010
09 July 2010
02 July 2010
19 March 2010
19 March 2010
12 March 2010
12 March 2010
05 March 2010
05 March 2010
28 February 2010
Popular
31 August 2010
28 July 2010
30 August 2010
27 August 2010
04 December 2009
18 August 2010
30 July 2010
26 July 2010
29 July 2010
20 August 2010
01 February 2010
23 March 2010
08 July 2010
19 July 2010
27 July 2010
09 August 2010
|