Korean Metals Plant, South Korea
Name of the Project
Korean Metals Plant.
Location
South Korea.
Project Owner/s
Australian Strategic Metals (ASM).
Project Description
A scoping study on a proposed 5 200 t/y metals plant has shown strong economics.
The plant will initially produce high-purity neodymium iron boron powder and titanium powder using the low-energy metallisation process developed and patented by ASM.
There are also plans to expand the plant to more than 16 000 t/y by 2024.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The project is estimated at between $35-million and $45-million.
Planned Start/End Date
Construction of the plant is expected to be completed by mid-2022, with metal production to progressively increase and full capacity of 5 200 t/y expected to be reached by mid-2022.
Latest Developments
Expenditure of $ 1.5-million has been approved for detailed engineering.
A final investment decision on the plant is expected in mid-2021.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
ASM, tel +61 8 9200 1681 or email info@asm-au.com.
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