Building on Breakthrough in Treatment of Toxic "Red Mud" from Alumina Production
PRLog - June 30, 2015 - LONDON, U.K. -- Advanced Mineral Recovery Technologies (BVI) Ltd. (www.amrtlimited.com) is a minerals processing technology company with patented control systems and analytics that enable its electric arc furnaces to economically process a wide range of metal containing ores, concentrates and waste materials. AMRT, in a project funded by the European Commission, developed the only technology able to profitably convert highly caustic “Red Mud” (bauxite residue) produced in the production of alumina into harmless iron and mineral wool insulation. This is the first breakthrough in 125 years that addresses this serious environmental waste product of the aluminum industry.
On June 12, in order to prepare AMRT for growth and possible listing over the next few years, the AMRT Board took action to remove Mr. Dimitrios Sykokis as President and Member of the Board of AMRT, and to terminate all licenses to use the AMRT technology that previously had been issued to Innovative Metallurgical Solutions Ltd. (IMS). Mr. Sykokis will remain a minority shareholder of AMRT, in addition to pursuing other business interests.
A search for a new President for AMRT has been initiated.
Dr. James A. Walker, Chairman and principal shareholder of AMRT, remarked:
“While proper attention is finally being given to renewable energy and climate change, our civilization must also address the environmental and social issues of minerals production and disposal to be truly sustainable. We believe AMRT is now well positioned to make a major contribution to those goals.”
Dr. Walker, a noted wind energy pioneer, is Vice Chairman of EDF Renewable Energy and past Chairman of the American Wind Energy Association (AWEA). President Obama used Dr. Walker’s research in his 2015 State of the Union Message announcing that “America is number one in wind energy.” Dr. Walker is also working in water policy in the U.S. and sustainable development in Africa.
AMRT’s technology can efficiently process EAF steel and stainless steel dust, chrome ore fines, copper, cobalt, tin (including medium grade Cassiterite), gold in tailings, lead, zinc, platinum, many ferro-alloys and catalysts, using a single AMRT furnace with minor lining and control parameter changes. The AMRT furnaces can directly process materials in the form of dust or “fines.”
AMRT is a member of the Center for Resource Recovery and Recycling (CR3) established by the Colorado School of Mines, Worcester Polytechnic Institute and K.U. Leuven.
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Advanced Mineral Recovery Technologies Restructures for Growth
June 30, 2015 at 01:13 AM EDT
