Orbite: General Update
Orbite selected Outotec to supply and deliver the new calcination system for its HPA facility. Detailed contract negotiations have been finalized and the supply contract, which includes penalties related to performance and late delivery, has been executed. The contract also foresees incentives for enhanced performance and early delivery. Subsequent to the execution of the contract and as contemplated, the funds from the previously announced interest free loan from Economic Development Canada are being received over the next days. Orbite continues to work towards a 12 month execution timeline, with commissioning in December 2014 and commercial operations to commence in January 2015. Full production capacity at 3 t/d is anticipated for Q1 2015. Orbite is a cleantech company who’s innovative and proprietary processes are expected to produce alumina and other high-value by-products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash. Orbite is currently finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina
(SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.