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Thursday, 15 August 2013
Belvedere Resources' tailings project selected for innovative study
Belvedere Resources' (CVE:BEL) Hitura tailings expansion project in Finland will be the site of an innovative new EU project to test new ways of environmentally sealing such areas, it emerged.
Traditional methods of dealing with tailings has pollution repercussions and is an expensive business.
The Utilisation of By-Products and Alternative Construction Materials in New Mine Construction (UPACMIC) EU life project seeks to investigate using industry by-products as an alternative to traditional, industrially manufactured materials, which are used in such areas.
It will also look the use of by-products in reclamation of old tailings areas.
The EU will fund 50% of the total costs of the project, while Belvedere's contribution consists mainly of providing the permitted land area for the construction of the tailings area and of material to fill the site once complete, which could be material from the Hitura nickel mine or from the Kopsa gold copper project.
Belvedere chief executive David Pym told investors: "We are very pleased to be involved in this project which fits well with the company's sustainable business targets.
"The project's goals of demonstrating on a large scale, the use of industry by-products as a replacement for new manufactured materials in tailings construction and rehabilitation; has obvious environmental and commercial benefits for the mining industry and the industrial partners who must otherwise dispose of these by-products."