KRP zinc recycling plant nears full production

South Korea – ZincOx Resources Plc, the developer of Asia’s largest zinc recycling project, has reported that its wholly-owned Korean Recycling Plant (KRP) ‘is in the final months of ramp-up to full production which remains on target for second quarter 2014’.

The recycling plant is designed to treat zinc-containing electric arc furnace dust. In a statement, ZincOx comments: ‘Since the start of 2014, having dealt with numerous maintenance and repair issues during 2013, production has ramped up steadily towards the target. Our efforts, together with improvement in the zinc price, ought to result in 2014 becoming a turnaround year for the company.’

As a result of repairs, production at the Cheonbuk Industrial Complex site was limited during November and December to bring the full year’s total to 24 577 tonnes, resulting in revenues in Korea for the year of more than US$ 26 million. January and February are expected to be full operating months while a short stoppage for maintenance is planned for March.

Andrew Woollett, ZincOx’s executive chairman, notes: ‘The timing of the refractory repair in December was unfortunate as it stalled our ramp-up momentum, but this has already been re-established and we remain confident of achieving targeted full capacity. We are looking forward to a very productive 2014 and also to a firmer zinc price, which recently seems to be responding to the planned closure of major zinc mines.’

For more information, visit: www.zincox.com