EnviroGold Global says it has executed a Memorandum of Understanding (MoU) for a global strategic alliance with Fraser Alexander to advance sustainable mining solutions for existing and potential customers.
With over a century of expertise, Fraser Alexander is a leading tailings storage facility operator, hydro-remining and tailings deposition contractor, overseeing more than 50 tailings storage facilities (TSFs) worldwide, EnviroGold says. Fraser Alexander has a successful track record of research and development and deployment of new technologies, it added.
Fraser Alexander and EnviroGold have identified several customer opportunities to recover large quantities of valuable metals locked within TSFs and are collaborating to commercialise these opportunities and continue to evaluate projects within each other’s networks, EnviroGold claims. The parties will deliver solutions for mining companies and governments that are sustainable, enhance the mining value chain and uphold the highest standards of safety and environmental stewardship. The alliance will deploy EnviroGold’s proprietary technology alongside Fraser Alexander’s operational expertise, offering a comprehensive solution for clients.
The company stated: “EnviroGold’s patented technology cost-effectively extracts precious, non-precious and critical metals from mine tailings into highly profitable revenue streams, offering sustainable and environmentally responsible solutions to miners and governments worldwide.”
David Cam, EnviroGold CEO, added: “This strategic alliance marks a key step in the commercialistion of EnviroGold’s proprietary technology. We are excited about the alliance and working with Fraser Alexander to deliver sustainable mining solutions.
“The Fraser Alexander and EnviroGold strategic alliance will benefit both companies, leveraging the specialist market leading technology developed by EnviroGold and the best-in-class implementation and operational capabilities of Fraser Alexander. Together we will leverage our first mover advantage in the valuable mine waste and tailings market.”
Keith Scott, Fraser Alexander CEO, said: “Fraser Alexander have a successful track record of developing and deploying proven innovative technologies for the benefit of our TSF clients. We are excited to be working with EnviroGold, whose technology allows us to expand our TSF offerings and value added services to new and exisiting clients.”
Initially Fraser Alexander and EnviroGold will collaborate on up to three customer opportunities from their existing customer bases. For each identified customer willing to contract for services, the parties will negotiate and formalise joint ventures (JV’s) through definitive agreements. The MoU remains effective for three years from signing, with a provision for termination by either party with one month’s notice or upon execution of definitive agreements for specific JVs.
