Nevada Chemicals, Inc. Announces Planned Expansion at Cyanco
08 Dicembre 2006 - 2:00PM
Business Wire
Nevada Chemicals, Inc. (NASDAQ:NCEM), as a 50% stakeholder in
Cyanco, a chemical producer of sodium cyanide located in
Winnemucca, Nevada, announced a 30 million pound per year capacity
expansion at Cyanco to occur over the next year. Cyanco provides
this strategic chemical to the gold mining operations in the
western United States. Due to the increased mining activities,
resulting from the run-up in gold prices over the last three years,
Cyanco has reviewed its operations and Cyanco now plans to make
process improvements and expand its production capabilities over
30% per year. Nevada Chemicals, Inc., through its 50% stake in
Cyanco, is the premier producer of strategic chemicals for the gold
mining industry of the United States. Note: The foregoing contains
�forward-looking� statements that are pursuant to the safe harbor
provisions of the Private Securities Reform Act of 1995. Editors
and investors are cautioned that forward-looking statements involve
risks and uncertainties that may affect the Company�s business
prospects and performance. These include, but are not limited to,
economic, competitive, governmental, technological and other
factors discussed in the Company�s reports to shareholders and
periodic filings with the Securities and Exchange Commission.
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