SPMP’s antimony project in Oman needs more funds because of commissioning delays

The antimony and gold processing facility that is being built in the Port of Sohar Free Zone in Oman by Strategic & Precious Metals Processing (SPMP) will need further capital expenditure and additional working capital, Fastmarkets heard on Monday January 14.

This was due to delays to the production of first metal and to the full commissioning of the plant. Tri-Star Resources, which has a 40% stake in the project, announced on Monday that, despite production of crude antimony trioxide and stockpiling of this material for use in commissioning the furnace, engineering issues have delayed the project. Tri-Star did not indicate when full commissioning of the plant would be achieved. On October 30 last year, Tri-Star said that the first round of antimony production had been expected at the end of...

Published

Martim Facada

January 14, 2019

14:21 GMT

London