VANCOUVER, BC, Canada, Oct. 7, 2009 -- BioteQ Environmental Technologies Inc., a leader in the treatment of industrial wastewater, has signed a definitive agreement to design and build a water treatment plant at the Minto copper mine owned by Minto Explorations Limited, a wholly owned subsidiary of Capstone Mining Corporation. BioteQ will provide process design, engineering and project management services on a fee basis. Minto Explorations is providing the capital and operating cost of the plant, which is expected to be installed at the mine site before spring runoff in 2010.
Brad Marchant, BioteQ's Chief Executive Officer stated, "We are pleased to be working with our new customer, Minto Explorations, and adding to our portfolio of water treatment projects in the mining sector. This contract will generate incremental revenue without impacting our capital reserves, and enables us to expand our operating footprint in Canada."
The Minto Mine is an active high grade copper mine with gold and silver credits, located 240 kilometers north of Whitehorse in the Canadian Yukon. Water treatment operations are seasonal, typically from May to October. BioteQ has provided water treatment services for the 2009 season, treating water containing suspended solids and dissolved metals, and has worked with Minto Explorations to assess long-term water treatment options for the site.
The new water treatment plant will be designed to treat up to 4,000 cubic meters per day of water. The plant will employ BioteQ's sulphide treatment process to meet extremely low concentrations of metals in treated water that is discharged into the environment. Minto Explorations selected BioteQ's treatment alternative based on the improvements to water quality achieved during on-site testing this past summer, and the relative ease of the system installation which allows the new permanent treatment plant to be ready for the 2010 operating season. Furthermore, the process is expected to deliver lower life cycle costs for water treatment compared to alternative processes. BioteQ brings proven water treatment expertise and operating experience, and operates to ISO 14001 standards for environmental compliance. BioteQ provides a guarantee of the treatment plant performance, provided that BioteQ operates the plant.
About BioteQ
BioteQ is a water treatment company that applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company's commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 8 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.
BioteQ has been named one of Canada's Top 50 Most Socially Responsible Corporations by Jantzi Research and Maclean's, and the company's sustainable water treatment solutions have been recognized with the Globe Award for Environmental Excellence, the PDAC Award for Environmental and Social Responsibility, the China Mining Environmental Protection Award, and the Mines & Money Sustainable Development Award. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.
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