NEW CASTLE, Del., Aug. 19, 2019 /PRNewswire/ -- EESTech (OTC: EESH) - EESTech's Environmental Impact Assessment (EIA) process for the Samancor Ferrochrome slag reclamation project has commenced with the appointment of EkoInfo (www.ekoinfo.co.za), a highly respected a South African Environmental & Wildlife Management Consultancy.
EkoInfo is experienced in facilitating Environmental Impact Assessment (EIA) processes and is one of the pioneering companies within South Africa's environmental industry, having grown with the industry since 1995. EkoInfo is a well-established company with a significant network of supporting specialists. They have facilitated over a 100 projects and have contributed to twice as many.
In February 2019, Samancor Chrome, South Africa, the world's largest integrated miner of chromite and producer of ferrochrome (FeCr), awarded EESTech a 10-year contract with a 5-year extension option, to undertake the reclamation of 12.5 million tons of FeCr slag waste at Samancor's Ferrometals operation, located at Emalahleni, approximately 65km east of Pretoria in South Africa.
Samancor has provided EESTech with a project site within the existing Ferrometals facility in close proximity to the FeCr slag dump. EESTech has completed preliminary engineering works, process design and site configuration. EkoInfo will now undertake the workings required to attain the necessary approvals for construction of EESTech's zero-waste, environmentally sustainable, reclamation process.
This project is being well received as it will significantly reduce or eliminate the environmental liabilities of mine site and process waste, whilst optimising the profitable recovery of valuable resources from discard tailings, slag dumps and fines dams, located at mine sites and downstream process facilities.
EESTech will deliver Samancor a "zero waste" management solution, where EESTech's advanced process technologies will reclaim up to 99% of residual FeCr units from the stockpiled slag. A single processing facility can process over 600,000 tons of slag waste per year. Under the terms of contract, Samancor will purchase all FeCr metal reclaimed by EESTech at a contracted and pre-determined price.
The EESTech proprietary process results in all post process tailings (PPT) being transformed into purified inert sand products that are in demand for in a variety of downstream applications.
About EESTech:
EESTech Inc, promotes Economically Environmentally Sustainable Technologies to the world mining and minerals processing industries. EESTech Inc is publicly traded on the US OTC market, symbol EESH. www.eestechinc.com
Forward Looking Statement:
This media release includes statements that may constitute 'forward-looking' statements. The statements can be identified by phrases such as EESTech, Inc. or its management 'believes' 'forecasts', 'estimates' or other words or phrases of similar import. These statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Similarly, such statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are forward-looking statements. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from forward-looking statements. Factors which could cause or contribute to such differences include but are not limited to our ability to recruit and retain key personnel, the availability of funding for future operating requirements, our ability to protect our intellectual property, our ability to secure contracts for the installation of our products and our ability to develop and operate such projects successfully. We urge you to carefully consider these factors and the information detailing other factors (which may cause actual results to differ materially) included in EESTech, Inc.'s press releases and other historical SEC filings. The forward-looking statements are based on current expectations and neither the Company nor its management assumes any obligation to update these statements.
View original content:http://www.prnewswire.com/news-releases/eestech-announces-environmental-impact-assessment-for-samancor-project-300904070.html
SOURCE EESTech Inc.