MONTREAL, Dec. 20, 2017 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is delighted to announce that it has been selected as an Alliance partner by Clean TeQ Holdings Ltd in the development of Clean TeQ Sunrise, a world-class nickel, cobalt and scandium project based in New South Wales, Australia.
Under the first phase of the Alliance Development Agreement, SNC-Lavalin, in alliance with CB&I and Clean TeQ, will produce a project proposal and target cost estimate to bring the project to Final Investment Decision (FID) in mid 2018. This will include provision to provide engineering, procurement and construction services.
SNC-Lavalin is currently working with Clean TeQ to execute the Definitive Feasibility Study (DFS) which is planned for completion in early 2018. In addition, the Front End Engineering Design (FEED) for high-pressure acid leaching circuit (HPAL), acid plant and power generation was awarded to SNC-Lavalin in September 2017. Clean TeQ Sunrise is one of the highest grade and largest nickel and cobalt deposit outside of Africa and one of the largest and highest grade scandium deposits in the world.
"Having worked closely with Clean TeQ through the early stages of the Sunrise Project, I am pleased that SNC-Lavalin has been engaged to continue with delivering and advising on the development of this impressive facility," said José J. Suárez, President, Mining & Metallurgy, SNC-Lavalin. "By merging our metallurgical capabilities in HPAL with those of our local SNC-Lavalin resources in Australia, who have worked on a number of Australian mega-projects, we are providing Clean TeQ with a world-class team and solution for their asset."
Christian Brown, President, Oil & Gas, SNC-Lavalin, added "We have had a strong local presence in Australia for over 30 years, and this award demonstrates how we can pool our expertise and capabilities cross-sector, to deliver the best solution for our client. This project's end product will help provide sustainable energy, and our execution will focus on quality, safety, the environment, and working with the local community."
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients in oil and gas, mining and metallurgy, infrastructure and power. On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world's most respected design, engineering and project management consultancies. www.snclavalin.com
About Clean TeQ
Clean TeQ Holdings Ltd, an ASX-listed company (ASX:CLQ), is recognized as one of Australia's most innovative technology companies in the technology and materials processing space. Clean TeQ is developing its world-class Clean TeQ Sunrise Nickel Cobalt Scandium Project in New South Wales, utilising its Clean-iX® ion exchange technology.
For further information: Media: Nicolas Ryan, Advisor, Media Relations, 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]