VANCOUVER, BC, Canada, June 17, 2010 -- BioteQ Environmental Technologies Inc., a leader in the treatment of industrial wastewater, has completed commissioning of the new water treatment plant at the Minto Mine site in the Yukon, owned by Minto Explorations Ltd., a subsidiary of Capstone Mining. The plant produces treated water that meets design criteria. Continuous operations will commence when the mine's water use licence amendments are approved.
This is a design-supply-operate project where BioteQ has provided an integrated package of services including process design, plant equipment and installation, commissioning services, and ongoing fee-based water treatment operations at the site for the next three operating seasons. The operating fee includes a water treatment fee based on volume of water treated, plus fees for labour. The design-supply-operate structure of the project has expedited the project execution, reduced implementation costs, and reduced project risk. As the operator of the plant, BioteQ provides a process guarantee that the plant performs to the design specifications.
For 2010, BioteQ's goal is to add two new plants to its operations portfolio. The Minto plant is the first of the two new plants; the second new plant is anticipated to be in China, subject to final review and approval of the design report, which is in progress.
BioteQ Corporate Profile
BioteQ 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 10 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.
BioteQ's sustainable water treatment solutions have been recognized with the CIM/Syncrude Award for Excellence in Sustainable Development, the Canada Export Achievement Award, the Jantzi/Maclean's Most Socially Responsible Corporations in Canada, 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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