Korean Recycling Plant Commissioning Update (5470A)
02 April 2012 - 4:01PM
UK Regulatory
TIDMZOX
RNS Number : 5470A
ZincOx Resources PLC
02 April 2012
Date: 2 April 2012
On behalf ZincOx Resources plc ('ZincOx')
of:
Embargoed 0700hrs
until:
ZincOx Resources plc
Korean Recycling Plant Commissioning Update
ZincOx Resources plc, which specialises in the recovery of zinc
concentrate from steel industry waste, announces that its wholly
owned Korean Recycling Plant is in the final stages of
commissioning and is confident that the plant will be operational
within two weeks, narrowly outside of the original schedule set 18
months ago.
For the purposes of commissioning, the plant has been divided
into two zones. Zone 1 includes EAFD unloading, coal pulverization,
binder preparation, briquetting, drying and screening.
Commissioning of Zone 1 is complete and briquettes have been tested
in the plant's laboratory. These tests have shown that the
briquettes are of excellent quality and after heating demonstrated
high zinc removal and iron metallisation. Over 600 tonnes of
briquettes have been produced and are waiting to feed the
furnace.
Zone 2 includes the rotary hearth furnace ("RHF"), gas handling
system and hot briquetting tower. The RHF has been operated in a
cold state with good briquette loading and discharge and is ready
for production. The gas handling system which has undergone its
final testing of emergency systems, is ready for operation. The hot
briquetting tower is awaiting hot DRI for final commissioning. The
burners on the RHF are being tuned and then the furnace will be
gradually heated up over a two day period, ahead of the
commencement of production.
All staff for the operation have been recruited and trained.
Commenting on the announcement, Andrew Woollett, ZincOx's
Chairman, said:
"We set ourselves an ambitious development schedule when we
started this project 18 months ago so notwithstanding the very fast
track approach taken in this development, I am delighted to report
that the project has, to date, been developed within budget and
without a single lost time injury. I look forward to reporting the
start of production within a fortnight."
Enquiries:
ZincOx Resources plc Tel: +44 (0)1276
450 100
Andrew Woollett, Executive Chairman
Peel Hunt LLP (Nominated Adviser Tel: +44 (0)20 7418
and Joint Broker) 8900
Richard Kauffer
Daniel Harris
finnCap Limited (Joint Broker) Tel: +44 (0)20 7220
Matthew Robinson 0500
Joanna Weaving
Tavistock Communications Tel: +44 (0)20 7920
3150
Paul Youens
Simon Hudson
Lydia Eades
This information is provided by RNS
The company news service from the London Stock Exchange
END
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