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Market: TSX
Sector: Support Services
Epic: BQE
News: Latest news
Web Site: Bioteq
Other Articles: 28-10-200916-06-200911-05-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Bioteq

Bioteq

BioteQ finances, builds, owns and operates water treatment plants for the world’s mining companies and utilities operators, reducing environmental liabilities while generating revenue from waste.

Tuesday, June 16, 2009

BioteQ reaches agreement to restart operations at Lluvia gold mine in Mexico

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Industrial waste water treatment group BioteQ Environmental Technologies Inc (TSX: BQE) said it has reached reached agreement with NWM Mining (TSX-V: COL) to re-start operations at the Lluvia de Oro - La Jojoba gold mine site in Mexico.


The agreement provides for NWM Mining to pay BioteQ for the capital cost of its SART plant (Sulphidization–Acidification– Recycle–Thickening) plus a profit margin, provides an on-going operating contract and technology fee to BioteQ for SART operations, and re-payment of loans made by BioteQ to NWM Mining, including accrued interest.

The first loan payment of C$500,000 has been received by BioteQ.


CEO Brad Marchant said: "We are pleased to reach agreement with NWM Mining and Global Resource Fund, to re-establish active operations at the Lluvia gold mine site. Global has agreed to provide NWM Mining with US$1.5 million in financing, to enable NWM to resume gold production at the Lluvia site, and initiate re-payment of the loans and capital provided by BioteQ to the project.”


“This agreement enables BioteQ to recover its investments at the site as well as generate a continuing revenue stream over the life of the gold mine from water treatment operations," he added.

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