BacTech Environmental (CSE: BAC) (OTC: BCCEF) recently announced its plans for the current year with respect to its Ecuador project. According to the update, BacTech has identified the Ponce Enriquez area of southern Ecuador as a location where the company’s bioleaching technology can be successfully deployed for environmental processing of locally produced concentrates. Given the high levels of arsenic contained in the ore from the area, miners receive significantly reduced prices for their concentrates due to buyer-applied penalties. The buyers tend to be from Asia, where concentrates are shipped for conventional smelting and/or roasting, and the concentrates are subject to a 3% royalty on the gold value payable to the government of Ecuador. BacTech believes that, through implementation of an in-country bioleach plant, it can offer superior pricing for these concentrates to the local producers, provide domestic Ecuadorian employment opportunities and increase local and federal tax revenue for the government.
To view the full press release, visit http://nnw.fm/lQR5o
About BacTech Environmental Corporation
BacTech is investigating the use of its proprietary bioleach processing technology to treat historic arsenopyrite concentrates and tailings produced in the Ponce Enriquez area of Southern Ecuador. BacTech has agreed to participate with a group looking to reprocess the Arsenic Stockpile in Snow Lake, Manitoba as a technology part. For further information, visit the company’s website at www.BacTechGreen.com.
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