BacTech Environmental Outlines Plans For 2020
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Toronto, Canada: BacTech Environmental Corporation (CSE:BAC, OTC:BCCEF) today announced its plans for the current year with respect to the Ecuador project.
BacTech has identified the Ponce Enriquez area of southern Ecuador as an area where the Company’s bioleaching technology can be deployed for environmental processing of locally produced concentrates. Given the high levels of arsenic contained in the ore from the area, miners receive depressed prices for their concentrates due to penalties applied by the buyers. The buyers tend to be from Asia whereby concentrates are shipped for conventional smelting and/or roasting. The concentrates are subject to a 3% royalty on the gold value payable to the government of Ecuador. As well, shipping and handling add to the costs of pursuing this avenue. BacTech believes it can offer superior pricing for these concentrates, employment opportunities and payment of local and federal taxes. It should be noted that the final arsenic product produced from bioleaching, ferric arsenate, is a US, Environmental Protection Agency approved land fillable form of arsenic.