Bloomberg News

Bioteq, Jiangxi Venture to Build Water Treatment Plant in China

September 05, 2012

Bioteq Environmental Technologies Inc., a Vancouver-based company that treats industrial wastewater, and Jiangxi Copper Co., China’s largest copper miner, agreed to build a water treatment plant in southeast China.

The companies agreed in a joint venture to commit C$3.2 million ($3.2 million) to construct and operate the water treatment plant at the Dexing mine site, Bioteq said today in a statement.

The plant will be designed to treat as much as 24,000 cubic meters of water a day. Annually, it’s expected to remove 900,000 pounds of copper from the environment in a form that can be refined into useful products, Bioteq said. The copper concentrate will be sold to Jiangxi Copper’s refinery at market prices, minus transport and refining costs, it said.

Building is expected to be completed and the plant in operation by July 2013, the company said.

“We are pleased to be working with Jiangxi Copper Co. to address additional water treatment needs, meet environmental requirements and maximize resource recovery at the Dexing site,” Bioteq Chief Executive Officer Jonathan Wilkinson said in the statement. It’s the fourth water treatment project between BioteQ and Jiangxi Copper, the company said.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net


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