Xstrata builds recycling plant.Xstrata Nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. has started construction of a new recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. plant at its Sudbury, Ontario, smelter. When complete, the plant will more than double Xstrata Nickel's existing recycling capacity. The cost of the project is around CAD $21.4 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $19.4 million). "In alignment with Xstrata Nickel's focus on growth, this expansion gives us the capacity to profitably take in a wide variety of feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing , which represents a distinct competitive advantage in today's metal recycling market," Mike Romaniuk, vice president of Xstrata's Sudbury operations, says. "Demand for cobalt Cobalt, town, Canada Cobalt (kō`bôlt), town (1991 pop. 1,470), E Ont., Canada, NE of Sudbury, near Lake Timiskaming. Once a center for cobalt and silver mining, the area is now economically depressed. and nickel recycling has significantly increased in recent years due to high metal prices and rapid technological advances, and we will now be better able to meet this customer need." Xstrata Nickel reports that it has received all necessary environmental permits following a detailed engineering and pilot-testing phase, which it completed in mid-June of 2006. Commissioning of the new plant, which will be operated and maintained by the commodity business unit's current Sudbury employees, is scheduled for July 2007. The Sudbury smelter has been actively recycling cobalt- and nickel-bearing materials since 1981. The operation treats and processes feed from worldwide sources. Xstrata is based in Zug, Switzerland, and has operations in 18 countries, including the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Germany, Chile, Spain and Norway. |
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