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Clean TeQ accelerates expansion into global mine tailings management

Published by , Editorial Assistant
Global Mining Review,

Clean TeQ Water Limited has announced it has established a 50/50 Joint Venture (JV) Future Element Operations Pty Ltd with mine tailings management company Future Element Pty Ltd.

Commenting on the transaction, Clean TeQ’s CEO, Mr Peter Voigt, said, “This is an exciting time for Clean TeQ as we look to leverage our technologies into market segments that are long term value accretive for our shareholders. The JV with Future Element combines years of technical innovation and development with highly credentialled and commercially orientated executives to deliver solutions to the mining industry for its most critical problems. We aim to transform the industry and lead with environmentally sound tailings rehabilitation while generating material cashflows from what were previously considered waste management liabilities.”

Mine tailings are the waste solids that remain after separating the targeted minerals of a mining operation from the remaining uneconomic minerals. The global inventory of mine tailings is estimated at 282 billion t, with 16 billion t of new mine tailings being produced every year. This represents a significant opportunity to use Clean TeQ technologies to convert liabilities into valuable assets. The mining industry’s social licence to operate depends on environmentally sound tailings rehabilitation. Clean TeQ’s strategy is to raise environmental standards and reduce tailings management costs via sustainable metal production and enhanced water management.

With the licensing of Clean TeQ’s proprietary ATA® and Clean-IX® technologies to the Future Element JV, the company can offer the mining industry an end-to-end mine tailings rehabilitation solution that:

  • transforms tailings into benign and/or valuable products via separation of solids and water to allow solid materials to be rehabilitated or repurposed and water to be recycled or released;
  • unlocks tailings value, via recovery and monetisation of metals and minerals, providing new profit streams and the ability to offset rehabilitation costs and liabilities; and
  • encompasses development, funding and operation using tailings management by a team with a track record in asset delivery.

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Australian mining news