Glencore’s Lomas Bayas Partners with Ceibo to Accelerate Access to Clean Copper
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Business Wire
Following a two-year study, Glencore to scale the use of Ceibo’s sulfide leaching technology that significantly improves copper recovery NEW YORK & SANTIAGO, Chile--(BUSINESS WIRE)--Ceibo, a clean copper extraction technology company, and Glencore‘s (GB:GLEN) Lomas Bayas Mining Company have entered into a partnership to deploy Ceibo’s proprietary leaching technologies that enable a more effective extraction of copper from low-grade sulfides at one of Chile’s leading mines. Lomas Bayas has validated Ceibo’s technology and is moving toward scaling up to assess this as an alternative to extend the life of their mining operations. This partnership follows two years of testing by Glencore, an important contributor to Chile’s position as the world’s largest copper producer.Under the terms of the memorandum of understanding, Ceibo’s technology will scale up with on-site testing through the Lomas Lab, a Glencore world-scale test site, and the company’s research and development branch. This
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