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Market: TSX
Sector: Support Services
Epic: TSX:BQE
News: Latest news
Web Site: Bioteq
Other Articles: 16-06-200911-05-200924-11-2008

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Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Tuesday March 16, 11:50Gulf Resources: a burgeoning industrial minerals force in Africa

A new force in industrial minerals is taking shape in Africa, following on from Gulf's acquisition of world class vermiculite assets from Rio Tinto International in 2009.  

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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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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