the year of the tiger, page-9

EAF Dust Project at Whyalla in South Australia
Although Australian electric arc furnace (EAF) dust tends to be high in valuable zinc content by world standards, the local market is challenged by the relatively small quantities of material available for treatment, which limits the economies of scale available to any processing option.
The ability to secure a sufficient stable, long-term supply arrangement is a cornerstone to the financing of any processing plant, and the lack of available long-term supply contracts has inhibited Intecs efforts to implement local recycling options for EAF dust, first at Newcastle and later at Whyalla.
Intec has concluded its due diligence with respect to the Whyalla project option, but primarily as a result of a lack of feedstock supply security, Intec has provided notice to Ausmelt Limited for the discontinuation of exclusivity arrangements for a potential transaction related to Ausmelts Whyalla facility. Intec has thanked Ausmelt for the professional and helpful support and cooperation of its executives throughout the project discussions.
The Company is advancing alternative options for the recycling of its EAF dust stockpiles, however the associated environmental bonds have been written down to zero in the 2008/2009 financial year accounts, recently published in the 2009 Annual Report.


queenstown, dont hold your breath regarding a eaf project, LOL