MagMinerals Announces Selection Of HPD For Evaporation And Crystallization Technology For Kouilou Potash Project
TORONTO, ONTARIO -- Cusip: 55917T 102- MagMinerals Inc. (the “Company”), a unit of MagIndustries Corp., (TSX VENTURE: MAA) is pleased to announce that it has selected HPD to provide evaporation and crystallization technology for the Company’s Kouilou Potash Project located in the Republic of Congo, just 15 kilometers from the Atlantic port city of Pointe-Noire. The Kouilou Potash Project is based on the solution mining of the Company’s extensive carnallite salt deposits and is in the final stages of a feasibility study being lead by SNC-Lavalin International Inc.
HPD will provide a brine concentration system to reconstitute the carnallite directly from the solution mining operations. The concentrated carnallite is then processed in a multi-stage crystallization system to produce potassium chloride. The plant’s nominal capacity is rated at 580,000 tonnes per year of potash. HPD was awarded the project due to their extensive experience in potash installations and expertise in crystallization process design for chemical production applications.
HPD provides innovative process solutions, which utilize evaporation and crystallization technology, to industrial customers worldwide. HPD’s range of services include process design, pilot testing, equipment supply, project management, turnkey installation and start-up and training services. From offices in Bilbao, Spain, and Plainfield, Illinois, and with agents around the world, HPD has provided more than 600 installations in 30 countries. HPD is a Veolia Water Solutions & Technologies company which itself is a subsidiary of Veolia Water.
VEOLIA WATER, the water division of Veolia Environment, is the world leader in water services. Veolia Water specializes in managing water services outsourced by municipal authorities, industry and tertiary sector companies. Veolia Water operates in 57 countries, serves 108 million people, employs 70,700 employees, and had revenue of $10.7 billion in 2005.
About MagIndustries Corp.:
MagIndustries’ wholly owned resource subsidiaries are operating and developing major industrial projects in the Republic of Congo (ROC) and the Democratic Republic of Congo (DRC).
- MagEnergy is the leading participant in the refurbishment (Phase 1) and rehabilitation (Phase 2) of the generating capacity at the 1,424MW Inga II Hydroelectric station on the Congo River in the DRC. The Industrial Development Corporation of South Africa holds a 30% interest in Phase I and a 15% interest in Phase 2. MagEnergy is also evaluating the development of the 300MW Busanga hydro-electric site in the Katanga region of the DRC and the 100MW Zongo II site near Kinshasa.
- MagForestry controls 100% of Eucalyptus Fibre Congo, an operating, 68,000 hectare eucalyptus forest plantation which overlies MagIndustries Makola Mineral License near Pointe-Noire, ROC. A 500,000tpy log chipping plant is currently under construction at the Company’s harbour site.
- MagMinerals is completing a bankable feasibility study for the development of a 580,000 tonne per year potash (fertilizer) plant and solution mining field near Pointe-Noire, ROC.
- MagMetals is planning the development of a 72,000tpy magnesium smelter adjacent to MagMinerals’ potash plant for the production of magnesium alloys for the global automotive industry. The raw materials for the MagMinerals and MagMetals plants will be sourced by solution mining MagIndustries’ 100% owned carnallite (magnesium and potash salt) deposits which underlie the Makola Mineral License near Pointe-Noire.
MagIndustries Corp. is a Canadian company whose common shares are listed on the TSX Venture Exchange and trades in Canadian currency under the symbol “MAA”. The Company has 172,143,072 shares outstanding on an undiluted basis. More information on the Company is available at its website, www.magindustries.com.
Except for historical information, this press release contains forward-looking statements, which reflect the Company’s current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time-to-time in the Company’s ongoing filings. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.
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