“We’re pretty encouraged. The operating costs that we’re seeing there right now would appear to be competitive with Chinese refiners,” Mell said, citing studies commissioned by the company.
He said the company next week will begin assessing the condition of the plant, in Cobalt, Ontario about 600 kilometres from the U.S. border. The company will decide whether to restart the refinery in the first quarter next year, with initial throughput of 12 tonnes per day targeted for late 2020. Throughput could grow to 55 tpd, yielding 5,000 tonnes of cobalt sulphate per year, by 2021 pending further study and receipt of additional permits, the company has said.
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