CEO Ross Orr Shares Why BacTech Environmental is the Go-To Company to Clean Up High Grade Mine Tailings
We’re excited to speak with Mr. Ross Orr, the President and CEO of BacTech Environmental Corp (CA: BAC – $0.03 & US: BCCEF – $0.02 & GER: 0BT1 – €0.01). The Company uses its patented bioleaching technology to process toxic, arsenic-laden mine tailings, which often contain valuable metals worth tens of millions of dollars. We’ve been following BacTech for several years now and we believe this is an opportune time to introduce the Company.
Mr. Orr first divulges ample information about how BacTech’s unique bioleaching technology exactly works. The CEO furthermore explains that this technology is not just a theoretical model, as there are already 3 commercial plants in operation.
Next, Mr. Orr provides details about the Company’s most advanced project, the tailings reclamation project Telamayu in Bolivia. This involves the environmental remediation of the “Antiguo” tailings at the Telamayu mill site in Bolivia. The existing Telamayu mill concentrator has generated the tailings by processing mineralized material from the surrounding mines for over 80 years.
A September 2017 NI 43-101 resource report for Telamayu indicates high grades of silver, tin, and copper in the tailings worth over $200 million. BacTech aims to recover half of these valuable metals utilizing a conventional gravity and flotation process supported with a copper cementation circuit. The goal is to have this project in operation in 2019.
The interview also touches upon the Company’s second reclamation project in the Ponce Enriquez area of Southern Ecuador. Similar to Bolivia, the expansion possibilities are enormous in Ecuador. This particular project needs some further development work, but BacTech hopes to take this one into production in 2020.
Access our interview by clicking the play button on the media player below.
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