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Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Denis Arguin as Vice President of Operations and reported an updated capital cost and timeline estimates for completing its high-purity alumina (HPA) production plant in Cap-Chat, Quebec.
As quoted in the press release:
Orbite commissioned and recently received two independent capital cost and timeline estimates (the “Independent Estimates”) for completing the HPA production plant in Cap-Chat, Quebec, including the installation of the new calcination system. These were subsequently reviewed and analysed by Orbite management and engineers, and were also compared to a third estimate prepared by our general contractor. The Corporation is now in a position to report updated capital cost and timeline estimates to achieve the Phase II production capacity of 3 tonnes per day.
Orbite Aluminae Inc. EVP and Chief Operating Officer, Glenn Kelly, said:
Given the highly detailed effort employed by both independent engineering firms in preparing the revised estimates and by Orbite management in vetting them, we are confident in meeting both the cost and timeline targets. In addition, a large part of my personal responsibilities will be to deliver this facility on time and within budget.
Click here to read the Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) press release
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