Tuesday, July 29th17.5°C
22568
21953

Proposed cobalt plant in Saskatchewan passes environmental study

LANGHAM, Sask. - A cobalt plant proposed by Fortune Minerals near Langham northwest of Saskatoon has passed an environmental study.

CEO Robin Goad says the review showed there wouldn't be any impact on the water table.

He also points out that there would be no asbestos in the company's materials.

Goad says the next step is to apply for rezoning with the aim to begin construction sometime next year.

The plant would process cobalt which is needed to manufacture lithium ion batteries.

Global electric car company Tesla Motors plans to build a huge battery factory in the U.S. and has said it would like a processing plant in North America that could supply its needs.

"They have stated specifically that they prefer North American suppliers and to the best of our knowledge we will be the only North American supplier that is specifically producing battery-grade chemicals," Goad said Friday.

It's a good opportunity to diversify industrial activity in Saskatchewan, he suggested.

The plant would provide about 100 permanent jobs, he said.

(CJWW)

The Canadian Press


Read more Business News

22439


Recent Trending




Today's Market
S&P TSX15445.22-9.82
S&P CDNX1019.852.41
DJIA16982.5922.02
Nasdaq4444.909-4.655
S&P 5001978.91+0.57
CDN Dollar0.9251-0.0009
Gold1310.00+6.70
Oil101.61-0.06
Lumber321.20-1.80
Natural Gas3.74-0.007

 
Okanagan Companies
Pacific Safety0.195+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.065-0.005
Anavex Life Sciences0.265-0.01
Metalex Ventures0.08+0.01
Russel Metals35.15-0.21
Copper Mountain Mining2.97+0.15
Colorado Resources0.225+0.015
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.02-0.03
Mission Ready Services0.19+0.01

 



22704

FEATURED Property
1889943215 Poonian St
4 bedrooms 3 baths
$469,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22707