Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.
UC RUSAL’s development of a new red mud recycling prototype facility is included to the Russian Ministry of Education and Science’s Russian Science and Technology Complex Priority Research and Development Areas 2007-2013 program. The Ministry will invest RUR150 million for the research and pilot launch of the project including RUR50 million in 2012 and RUR100 million in 2013. The main partners in the research project are the Institute of Metallurgy of the Russian Academy of Sciences (Ural Branch) and the National University of Science and Technology (MISIS). The decision on the financing was made at the meeting of the Technical council of the Russian Ministry of Education and Science.
Once the R&D stage is completed, the company will begin the construction of a production unit at the Urals Aluminium Smelter (UAZ). Investment at this stage of the project will amount to RUR600 million.
The facility is expected to launch in November 2014, with the capacity to treat up to 200,000 t/y of red mud.
Viktor Mann, UC RUSAL’s Technical Director, said: “Recycling of red mud is an issue faced throughout the world. We are grateful to the Russian Ministry of Education and Science for taking an active part in the solution of this problem. I am sure RUSAL in partnership with the best Russian scientists and on the base of the existing scientific research, will succeed in creating an environmentally clean alternative to red mud disposal areas, paving the way for the future exploitation of the red mud in the iron industry and construction with the simultaneous extraction of valuable rare-earth metals.”
Following the launch of this facility, UAZ will establish red mud recycling operations, creating a new production market and the potential to implement the technology in other RUSAL plants. Scientists estimate the market demand of red mud and its recycled products from Russian business could be more than 3 Mt/y.
RUSAL believes there is wider application for this innovative recycling technology beyond UAZ and will look to roll it out at the Bogoslovsk aluminium smelter, the Nikolaev alumina refinery and RUSAL overseas alumina refineries in Ireland, Guinea, Australia and Jamaica.
