Anybody knows whether Noront mine can produce this by product ??
....Victory Nickel Reports Completion of Frac Sand Plant Design and Operating Cost Study
Friday October 31, 9:00 am ET
TORONTO, ONTARIO--(Marketwire - Oct. 31, 2008) - Victory Nickel Inc. ("Victory Nickel" or the "Company")(TSX:
NI -
News; www.victorynickel.ca) today announced very positive results from a study completed by Outotec (USA) Inc. ("Outotec"), evaluating the hydraulic fracturing ("frac") sand plant design and capital and operating costs to produce 914,245 tonnes of frac sand annually as a by-product of nickel production at its 100%-owned Minago sulphide nickel deposit in Manitoba.
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Key conclusions of the Outotec study include:
- Throughput of 1.2 million tonnes of sand per year produces 914,245 tonnes of frac sand annually over approximately nine years;
- Average life of mine operating costs of $10.37 per tonne of frac sand;
- Plant capital cost of $44.0 million; and,
- A processing plant designed to allow for production to increase should market conditions warrant.
Frac sand, which is used to improve recoveries in the oil and gas industry, forms part of the overburden that must be removed before mining nickel from the Minago open pit. Over and above processing plant capex of $44.0 million as outlined below, capital requirements include $8.8 million for construction of a rail siding and approximately $16.6 million for mining equipment. Detailed cost data and project economics will be incorporated into the Minago Feasibility study which is expected to be complete before year end.
"There is significant potential to generate substantial value from the sale of frac sand as a by-product of mining the sulphide nickel deposit at Minago," said Rene Galipeau, Chief Executive Officer. "The project is ideally located with respect to infrastruc
