Other IDESA investments include USD65 million in CyPlus, a 50/50 JV with Evonik Industries AG to build a sodium-cyanide production facility.
This estimate is based upon expectations from cash flows from CyPlus of USD7 million in 2018.
22 February 2013 - Mexican conglomerate Grupo Idesa SA de CV said it was close to inking an accord with German cyanides company CyPlus GmbH for the establishment of a joint venture to build a sodium cyanide plant in Mexico.
It will use technologies from CyPlus's parent, German speciality chemicals producer Evonik Industries AG, and will have a production capacity for 40,000 metric tonnes, the company added.
Holding back the implemention of both the Heads of Agreement and CYPLUS has been the battle over funding.
It states, `In short the governance and implementation of the Cape York NHT Process is fragmented with no single point of accountability or responsibility and confused messages are being given to the community.' It goes on to advise that `The Heads of Agreement and the CYPLUS processes have been very successful partnerships and the Cape York NHT Plan should be capitalising on these ...'.
PAL (Peroxide Assisted Leach) technology for agitation leaching replaces the compressed air or oxygen by peroxygen compounds.
was developed by the community over years of consulting, negotiating, designing strategies and building agreements, and it now seems a lot of that work will be duplicated, at taxpayer expense, by Canberra and Brisbane bureaucrats.
GmbH and Evonik Degussa Mexico, both subsidiaries of Evonik Industries AG of Germany, will open a cyanide transloading station for CyPlus
Solid-to-Liquid Containers at its warehouse and logistics center in Ciudad Obregon, Sonora in spring 2012.
Starting at the beginning of the year, Degussa began marketing cyanide through a new subsidiary, called CyPlus
, for the mining, chemical, pharmaceutical industries.