daytrading oct 27 morning, page-226

cgull
Sydney - Thursday - October 27: (RWE Aust Business News) - Enerji (ERJ) has entered into a memorandum of understanding with Poseidon Nickel (POS).

Enerji will provide assistance to Poseidon on aspects of its feasibility study relating to power generation and specifically the implementation of a waste heat recovery system based around an Opcon Powerbox.

Following a successful feasibility study and subject to some site conditions being met, Enerji and Poseidon will enter into bona fide negotiations for a power purchase agreement.

Construction of the powerhouse and the associated waste heat recovery system would commence in the second half of 2012.

The addition of an Opcon Powerbox will provide up to 700kW of fuel and emissions free power to Poseidon's Windarra powerhouse.

This power will assist in meeting the additional power requirements for its recently announced plans to double mine throughput as well as reducing fuel consumption and green house gas emissions.

Poseidon expects to be producing its first concentrate from the Mt Windarra mine in 2013.