BlackRock Metals said to have found takers for its titanium production. It is thus taking a new step towards the completion of its Chibougamau ferrovanadium-titanium mine and Grande-Anse treatment plant project. The main production of BlackRock Metals will be cast iron and a ferrovanadium alloy. The company will also produce titanium, used as a white pigment in plastics and paint as well as specialty alloys. The company was however looking for a buyer for this portion of its production. The initial plan was to have to partially bury some of these residues, but the company has recently solved this problem. There are currently two memoranda of understanding for lessees. We are talking about the entire production of about 125,000 tonnes per year ,says BlackRock Regional Director David Dufour. The two titanium buyers would be Asian companies. Other residues This agreement does not allow BlackRock Metals to dispose of all of its tailings. The company will have to dispose of 20,000 to 25,000 tons per year of residues. Moreover, discussions are still ongoing with the Hébertville-Station landfill site for the burial of part or all of these residues, but neither BlackRock nor the Régie des matières residuals of Lac-Saint -Jean were unable to confirm the quantities involved. BlackRock stays on course In addition, the management of BlackRock Metals ensures that the 2021 deadline for the production of its Grande-Anse mine and treatment plant is maintained. She reacts to the news in La Presse Plus on Wednesday that a major investor has withdrawn. BlackRock received its environmental permits last week. The company says the project’s funding of nearly $ 1 billion is well underway. We, we had our papers about a week ago, we think we can tie this in the coming weeks and start as planned, by some time, the construction here at the port of Saguenay , says David Dufour. Explanations that satisfy the Chamber of Commerce and Industry Saguenay-Le Fjord that the project is not threatened. Financing a project like this can have ups and downs. There is a decline of one of the partners, there are other partners who will join the project and we are very confident that it will be realized , underlines the general manager Sandra Rossignol.
:VRB